§ 969 — Shares of infant, incompetent or conservatee

§ 969. Shares of infant, incompetent or conservatee. Where a party\nentitled to receive a portion of the proceeds of sale is an infant,\nincompetent or conservatee, such portion may be disposed of as follows:\n 1. The court may direct it to be invested in permanent securities in\nthe name and for the benefit of the infant, incompetent or conservatee,\nor it may direct it to be paid over to the general guardian of the\ninfant, committee of the incompetent or conservator of the conservatee,\nwhen the guardian, committee conservator shall have executed an\nundertaking to such infant, incompetent or conservatee; or,\n 2. Where a general guardian, committee or conservator has been\nappointed, upon proof that it will be for the best interest and\nadvantage of the estate of such infant, incompetent or conservatee\nperson, the court may authorize and direct such guardian, committee or\nconservator, in the name of such infant, incompetent person or\nconservatee, to make application for an award of a sum in gross as\nprovided in section 968; or,\n 3. If any of the moneys arising from the proceeds of such sale shall\nhave been paid to the county treasurer, and on due proof that such money\nhas remained uninvested in permanent securities for the space of three\nmonths, the court may direct the same to be paid to the general\nguardian, committee or conservator of such infant, incompetent or\nconservatee upon his giving an undertaking for the faithful execution of\nhis trust; where said sum in hands of county treasurer does not exceed\nthe sum of one thousand dollars the court may direct the same to be paid\nin accordance with subdivision five of this section; or,\n 4. In the case of an infant, incompetent or conservatee residing\nwithout the state and having in the state or country where he or she\nresides a general guardian, committee or conservator, or person duly\nappointed under the laws of such state or country to the control, and\nentitled by the laws of such state or country to the custody, of the\nmoney of such infant, incompetent or conservatee, the court, upon\nsatisfactory proof of such facts and of the sufficiency of the\nundertaking given by such general guardian, committee or conservator or\nperson in such state or country by the certificate of a judge of a court\nof record of such state or country, or otherwise, may direct that the\nportion of such infant, incompetent or conservatee arising upon such\nsale shall be paid over to such general guardian, committee or\nconservator or person; or,\n 5. If the portion of the proceeds arising upon such sale which belongs\nto an infant, incompetent or conservatee residing within or without the\nstate does not exceed one thousand dollars, the court may direct that\nthe same may be paid to his father, or to his mother or to some\ncompetent person with whom the infant, incompetent or conservatee\nresides, or who has some interest in his welfare, for the use and\nbenefit of such infant, incompetent or conservatee.\n