The department may make payments to a minor, as defined in section 599.1, as follows:
1. If the total sum to be paid to the minor is less than ten thousand dollars, the funds may be paid to an adult as custodian for the minor. The custodian must complete the proper forms as determined by the department.
2. If the total sum to be paid to the minor is equal to or more than ten thousand dollars, the funds must be paid to a court-established conservator. The department shall not make payment until the conservatorship has been established and the department has received the appropriate documentation.
3. Interest shall be paid on the funds, at a rate determined by the department, until disbursement of the funds.
If the department makes payments to a minor pursuant to this section, the department may make payments directly to the person when the person attains the age of eighteen or is declared to be emancipated by a court of competent jurisdiction.
92 Acts, ch 1201, §23
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