Sec. 14. PURCHASE OF HOME FOR WARD. The court may authorize the purchase of the entire fee simple title to real estate
in this state in which the guardian has no interest, but only as a home for the ward,
or to protect his interest, or, if he is not a minor, as a home for his dependent
family. Such purchase of real estate shall not be made except upon the entry of an order
of the court after hearing upon verified petition. Notice of such hearing shall be given the veterans administration in the manner
and within the time provided by section 9 of this act. 1
Before authorizing such investment the court shall require evidence of value and title
as is hereinabove provided, and of the advisability of acquiring such real estate. Title shall be taken in the ward's name. This section shall not be construed to limit the right of the guardian on behalf
of his ward to bid and to become the purchaser of real estate at a sale thereof pursuant
to decree of foreclosure of a lien held by or for the ward, or at a trustee's sale,
to protect the ward's right in the property so foreclosed or sold, or at a sale under
partition decree, if necessary to protect the ward's interest in such property.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.