Vermont Statutes Title 14 Sec. 3113
Terms Used In Vermont Statutes Title 14 Sec. 3113
- Court: means any Probate Division of the Superior Court within this state for the district wherein the ward resides. See
- Estate: means income on hand and assets acquired partially or wholly with "income. See
- 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.
- Guardian: means any fiduciary for the person or estate of a ward. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 3113. Investments
A guardian shall invest the surplus funds of his or her wards’ estate in such securities or property as authorized under the laws of this State, but only upon prior order of the court; except that the funds may be invested, without prior court authorization, in direct unconditional interest bearing obligations of this State or of the United States and in obligations the interest and principal of which are unconditionally guaranteed by the United States. A signed duplicate or certified copy of the petition for authority to invest shall be furnished the proper office of the Veterans’ Administration, and notice of hearing thereon shall be given such office as provided in the case of hearing on the guardian‘s account.