The court may authorize or direct the parent, person, or institution maintaining the minor to execute as natural guardian, any receipt, deed, mortgage, or other appropriate instrument necessary to carry out a decree entered under section 5101 (relating to when guardian unnecessary) and, in such event, may require the deposit of money in a savings account or the care of securities in any manner considered by the court to be for the best interests of the minor. The decree so made, except as the court shall expressly provide otherwise, shall constitute sufficient authority to all transfer agents, registrars and others dealing with property of the minor to recognize the persons named therein as entitled to receive the property, and shall in all respects have the same force and effect as an instrument executed by a duly appointed guardian under court decree.
Cross References. Section 5102 is referred to in section 5505 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Section 5101 - When guardian unnecessary
Section 5102 - Power of natural guardian
Section 5103 - Sequestered deposit
Section 5111 - County of appointment
Section 5112 - Persons not qualified to be appointed by the court
Section 5113 - Persons preferred in appointment
Section 5114 - Service of process on nonresident guardian (Repealed)
Section 5115 - Appointment of guardian in conveyance
Section 5121 - Necessity, form and amount
Section 5122 - When bond not required
Section 5123 - Requiring or changing amount of bond
Section 5131 - Grounds and procedure
Section 5141 - Possession of real and personal property
Section 5143 - Abandonment of property
Section 5144 - Powers, duties and liabilities identical with personal representatives
Section 5146 - Guardian named in conveyance
Section 5147 - Proceedings against guardian
Section 5151 - Power to sell personal property
Section 5153 - Provisions identical to other estates
Section 5154 - Title of purchaser
Section 5161 - When accounting filed
Section 5162 - Where accounts filed
Section 5163 - Notice, audits, reviews and distribution
Section 5163.1 - Distribution to personal representative (Repealed)
Section 5164 - Distributions for support and education