Sec. 3. Upon the filing of such petition, the court shall proceed to hear and determine the same either in term time or vacation. If the court, after being duly advised in the premises, finds that the execution of said option to purchase would be to the best interests of the ward's estate and that said option is in proper form and that the price to be paid for said option and for the interest to be acquired if the option is exercised is not less than the established price being paid in the area; the court may thereupon enter an order authorizing said guardian to sign and execute said option and lease or deed, in the event the option is exercised, for and upon behalf of his ward.
Formerly: Acts 1943, c.105, s.3.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Article 1. Sales of Securities and Investments by Fiduciaries
Chapter 7. Mining Contracts Executed by Guardians
30-1-7-1. Guardians of Minors and Incapacitated Persons; Option Contracts for Exploring
30-1-7-2. Petition to Execute Options; Prospectus