US Laws, Codes, Statutes & Cases

 
    §  969.  Shares  of  infant, incompetent or conservatee. Where a party
  entitled to receive a portion of the proceeds  of  sale  is  an  infant,
  incompetent or conservatee, such portion may be disposed of as follows:
    1.  The  court may direct it to be invested in permanent securities in
  the name and for the benefit of the infant, incompetent or  conservatee,
  or  it  may  direct  it  to  be paid over to the general guardian of the
  infant, committee of the incompetent or conservator of the  conservatee,
  when   the  guardian,  committee  conservator  shall  have  executed  an
  undertaking to such infant, incompetent or conservatee; or,
    2. Where  a  general  guardian,  committee  or  conservator  has  been
  appointed,  upon  proof  that  it  will  be  for  the  best interest and
  advantage of the estate  of  such  infant,  incompetent  or  conservatee
  person,  the  court may authorize and direct such guardian, committee or
  conservator,  in  the  name  of  such  infant,  incompetent  person   or
  conservatee,  to  make  application  for  an  award of a sum in gross as
  provided in section 968; or,
    3. If any of the moneys arising from the proceeds of such  sale  shall
  have been paid to the county treasurer, and on due proof that such money
  has  remained  uninvested in permanent securities for the space of three
  months, the court may  direct  the  same  to  be  paid  to  the  general
  guardian,  committee  or  conservator  of  such  infant,  incompetent or
  conservatee upon his giving an undertaking for the faithful execution of
  his trust; where said sum in hands of county treasurer does  not  exceed
  the sum of one thousand dollars the court may direct the same to be paid
  in accordance with subdivision five of this section; or,
    4.  In  the  case  of  an  infant, incompetent or conservatee residing
  without the state and having in the state or country  where  he  or  she
  resides  a  general  guardian,  committee or conservator, or person duly
  appointed under the laws of such state or country to  the  control,  and
  entitled  by  the  laws  of such state or country to the custody, of the
  money of such  infant,  incompetent  or  conservatee,  the  court,  upon
  satisfactory  proof  of  such  facts  and  of  the  sufficiency  of  the
  undertaking given by such general guardian, committee or conservator  or
  person in such state or country by the certificate of a judge of a court
  of  record  of  such state or country, or otherwise, may direct that the
  portion of such infant, incompetent or  conservatee  arising  upon  such
  sale  shall  be  paid  over  to  such  general  guardian,  committee  or
  conservator or person; or,
    5. If the portion of the proceeds arising upon such sale which belongs
  to an infant, incompetent or conservatee residing within or without  the
  state  does  not  exceed one thousand dollars, the court may direct that
  the same may be paid to  his  father,  or  to  his  mother  or  to  some
  competent  person  with  whom  the  infant,  incompetent  or conservatee
  resides, or who has some interest  in  his  welfare,  for  the  use  and
  benefit of such infant, incompetent or conservatee.