§ 8-42-122 — Minor dependents - safeguarding payments

Colorado § 8-42-122

• Jurisdiction: Colorado
• Title 08: Labor and
• Art.: Benefits

Text

In all cases of death
where the dependents are minor children, it shall be sufficient for the surviving
spouse or a friend to make application and claim on behalf of the minor children.
The director, for the purpose of protecting the rights and interests of any
dependents whom the director deems incapable of fully protecting their own
interests, may deposit the payments in any type of account in state or national
banks insured by the federal deposit insurance corporation or its successor, savings
and loan associations that are insured by the federal deposit insurance corporation
or its successor, or credit unions that are insured by the national credit union share
insurance fund and may otherwise provide for the manner and method of
safeguarding the payments due such dependents in such manner as the director
sees fit.

Legislative History

Source: L. 90: Entire article R&RE, p. 497, � 1, effective July 1. L. 2004: Entire section amended, p. 148, � 50, effective July 1.