Indiana Code 29-3-4-2. Contracts, trusts or business transactions of incapacitated person or minor; ratification by court; exercise of parental powers in absence of guardian
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Sec. 2. The court may, without appointment of a guardian, by protective order authorize or ratify:
(2) if no guardian is acting for an incapacitated person, the exercise of any power on the incapacitated person’s behalf that is the same as that given to the parent of a minor under IC 29-3-3-3.
(1) any contract, trust, or other transaction relating to the property and financial or business affairs of the incapacitated person or minor if the court determines the transaction to be in the incapacitated person’s or the minor’s best interest; or
Terms Used In Indiana Code 29-3-4-2
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.169-1988, SEC.1. Amended by P.L.33-1989, SEC.67.