93-13-217 - Undivided interest in real estate of ward sold without guardianship in certain cases.
§ 93-13-217. Undivided interest in real estate of ward sold without guardianship in certain cases.
Whenever any interest, legal or equitable, in any real property in this state is owned by a ward or wards, whether said owner is a resident or a nonresident, and the interest is worth at a fair and reasonable market price less than the sum of Ten Thousand Dollars ($10,000.00), and a purchaser desires to purchase said ward's property or interest therein for less than Ten Thousand Dollars ($10,000.00) a petition may be filed in the chancery court of the county of the residence of the ward or in the chancery court of the county where the property or any part thereof is located requesting approval and authority to sell said ward's property. The petition shall be brought by the ward through next friend and shall join as respondents the parties provided in Section 93-13-281 or the parties designated by Section 93-13-281 may join and unite with the ward in the petition. The court shall consider the allegations of the petition and if the court is satisfied from the evidence presented that the proposed sales price is adequate and reasonable and the sale would be to the best interest of the ward then the court may enter an order authorizing the proposed sale. The court shall direct the clerk to execute a deed to the purchaser on the payment of the purchase price fixed and may direct the clerk to pay over the proceeds to some suitable person as provided in Section 93-13-211 provided no part of the costs of said proceedings shall be taxed against said ward or his interest.
Sources: Codes, 1930, §§ 1912, 1913; 1942, §§ 449, 450; Laws, 1922, ch. 285; Laws, 1962, ch. 276; Laws, 1964, ch. 293; Laws, 1966, ch. 321, § 1; Laws, 1971, ch. 356, § 1; Laws, 1972, ch. 408, § 20; Laws, 1981, ch. 452, § 1; Laws, 1991, ch. 338, § 1, eff from and after July 1, 1991.