Sec. 14.
Purchase of home for ward. The court may authorize the purchase of the entire fee simple title to real estate in this state in which the guardian has no interest, but only as a home for the ward, or to protect his interest, or, if he is not a minor, as a home for his dependent family. Such purchase of real estate shall not be made except upon the entry of an order of the court after hearing upon verified petition. Notice of such hearing shall be given the veterans administration in the manner and within the time provided by section 9 of this act.
Before authorizing such investment the court shall require evidence of value and title as is hereinabove provided, and of the advisability of acquiring such real estate. Title shall be taken in the ward's name. This section shall not be construed to limit the right of the guardian on behalf of his ward to bid and to become the purchaser of real estate at a sale thereof pursuant to decree of foreclosure of a lien held by or for the ward, or at a trustee's sale, to protect the ward's right in the property so foreclosed or sold, or at a sale under partition decree, if necessary to protect the ward's interest in such property.
History: 1937, Act 321, Imd. Eff. July 27, 1937 ;-- CL 1948, 35.84
Structure Michigan Compiled Laws
Chapter 35 - Veterans and Members of Armed Forces
Act 321 of 1937 - Uniform Veterans' Guardianship Act (35.71 - 35.91)
Section 35.72 - Guardians; Manner of Appointment.
Section 35.74 - Guardians; Petition for Appointment, Filing, Content.
Section 35.75 - Guardian for Minor; Prima Facie Evidence of Necessity.
Section 35.76 - Guardian for Incompetent; Prima Facie Evidence of Necessity.
Section 35.77 - Guardians; Notice of Filing Petition for Appointment.
Section 35.78 - Guardians; Bonds, Execution and Filing; Corporate Guardians, Exemption; Sureties.
Section 35.79 - Guardians; Annual Accounting; Filing, Notice, Hearing.
Section 35.80 - Guardians; Failure to File Account, Penalty.
Section 35.81 - Guardians; Compensation; Notice and Hearing.
Section 35.82 - Guardians; Investments Permitted With Prior Approval of Court.
Section 35.82i - Corporate Guardians; Common Trust Fund Investments Permitted.
Section 35.83 - Maintenance and Support of Ward.
Section 35.84 - Purchase of Home for Ward.
Section 35.85 - Guardian; Discharge, Release of Sureties.
Section 35.85a - Successor Corporate Guardians; Appointment, Conditions and Procedure.
Section 35.86 - Insane Veteran; Commitment, Procedure.
Section 35.87 - Construction of Act.
Section 35.88 - Uniform Veterans' Guardianship Act; Short Title.