New Hampshire Revised Statutes 463:20 – Sales and Purchase; General Procedure
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I. The court, upon petition of the guardian of the estate or of any other person interested in the estate of the minor, may direct or license the guardian to sell, mortgage, pledge, lease or exchange any property of the guardianship estate, including goods and chattels, real estate, or wood and timber growing thereon, upon such terms as the court may order for any purpose which is in the best interests of the minor or of the minor’s estate.
II. No guardian of the estate shall purchase property of the minor, or sell property of the guardian to the minor, unless the price and manner of sale are approved by the court.
III. If the court is not satisfied that the guardian has already given bond sufficient to ensure the guardian’s prudent conduct in a sale and to account for the proceeds of the sale, the court shall, before granting authorization or issuing a license, require of the guardian a bond sufficient for that purpose.
IV. All sales shall be made within 2 years after the grant of a license.
II. No guardian of the estate shall purchase property of the minor, or sell property of the guardian to the minor, unless the price and manner of sale are approved by the court.
Terms Used In New Hampshire Revised Statutes 463:20
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- petition: when used in connection with the equity jurisdiction of the superior court, and referring to a document filed with the court, shall mean complaint, and "petitioner" shall mean plaintiff. See New Hampshire Revised Statutes 21:51
- real estate: shall include lands, tenements, and hereditaments, and all rights thereto and interests therein. See New Hampshire Revised Statutes 21:21
III. If the court is not satisfied that the guardian has already given bond sufficient to ensure the guardian’s prudent conduct in a sale and to account for the proceeds of the sale, the court shall, before granting authorization or issuing a license, require of the guardian a bond sufficient for that purpose.
IV. All sales shall be made within 2 years after the grant of a license.