Collecting obligations due ward.
1. A guardian of the estate:
(a) Shall demand all debts and other choses in action due to the ward; and
(b) With prior approval of the court, may sue for and receive all debts and other choses in action due to the ward.
2. A guardian of the estate, with prior approval of the court by order, may compound or compromise any debt or other chose in action due to the ward and give a release and discharge to the debtor or other obligor.
Last modified: February 25, 2006