Minnesota Statutes 558.31 – Share of Person Who Lacks Mental Capacity
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When the share of a person who lacks the mental capacity to make decisions, or other person adjudged to lack the mental capacity to conduct the person’s own affairs, is sold, that person’s share of the proceeds may be paid by the referees making the sale to the guardian who is entitled to the custody and management of that person’s estate, if the guardian has executed an undertaking, approved by a judge of the court, to faithfully discharge the trust reposed in the guardian, and will render a true and just account to the person entitled thereto, or that person’s representatives.
Terms Used In Minnesota Statutes 558.31
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44