N.Y. Real Property Actions and Proceedings Law 1765 – Distribution of proceeds to guardian of infant, committee of incompetent or conservator of conservatee
§ 1765. Distribution of proceeds to guardian of infant, committee of incompetent or conservator of conservatee. 1. Proceeds or income of proceeds invested as provided in subdivision 3 of section 1761 may be paid on order of court on such undertaking as it may require.
Terms Used In N.Y. Real Property Actions and Proceedings Law 1765
- conservatee: means a person who has suffered substantial impairment of his ability to care for his property or has become unable to provide for himself or others dependent upon him for support for whom a conservator of his property has been appointed, pursuant to § 77. See N.Y. Real Property Actions and Proceedings Law 1701
- 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.
2. If the proceeds do not exceed one thousand dollars, the court may direct that the same be paid to the father or mother of the infant, or to some competent person with whom the infant resides, or who has some interest in his welfare, for the use and benefit of such infant.
3. In the case of an infant residing without the state, and having in the state or country where he resides a general guardian 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 said infant, the court, upon satisfactory proof of such facts and of the sufficiency of the security given by such general guardian 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 arising upon a sale pursuant to this article shall be paid over to such general guardian or person.