Massachusetts General Laws ch. 202 sec. 23 – Maintenance; disposition of proceeds of sale
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Section 23. If the sale is made for the maintenance of the ward and his family, the guardian or conservator shall apply the proceeds, so far as necessary, to that purpose, and shall place the residue on interest or invest it according to his best judgment until the capital is wanted for such maintenance; in such case, the capital may be used for that purpose as if it had been personal property.
Terms Used In Massachusetts General Laws ch. 202 sec. 23
- 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.
- Personal property: All property that is not real property.