Coogan Trust Account

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf legal financial arrangement
gptkbp:accessRestrictedUntil age of majority
gptkbp:administeredBy gptkb:financial_services_company
gptkbp:alsoKnownAs Coogan Account
gptkbp:appliesTo minors working in entertainment industry
gptkbp:benefit child performer
gptkbp:dateEnacted 1939
gptkbp:enforcedBy California Labor Code Section 1308.8
gptkbp:establishedBy gptkb:Coogan_Law
gptkbp:fundsAccessibleBy minor upon reaching adulthood
https://www.w3.org/2000/01/rdf-schema#label Coogan Trust Account
gptkbp:influencedSimilarLawsIn gptkb:New_York
gptkbp:jurisdiction gptkb:California
gptkbp:minimumInvestment 15% of gross earnings
gptkbp:namedAfter gptkb:Jackie_Coogan
gptkbp:percentageOfEarnings 15%
gptkbp:purpose protect earnings of child actors
gptkbp:reasonForFormation Jackie Coogan's parents spent his earnings
gptkbp:requires California law
work permit for child actors in California
gptkbp:type blocked trust account
gptkbp:bfsParent gptkb:Coogan_Act
gptkbp:bfsLayer 7