Contracts, trusts or business transactions of incapacitated person
or minor; ratification by court; exercise of parental powers in
absence of guardian
Sec. 2. The court may, without appointment of a guardian, by
protective order authorize or ratify:
(1) any contract, trust, or other transaction relating to the
property and financial or business affairs of the incapacitated
person or minor if the court determines the transaction to be in
the incapacitated person's or the minor's best interest; or
(2) if no guardian is acting for an incapacitated person, the
exercise of any power on the incapacitated person's behalf that
is the same as that given to the parent of a minor under
IC 29-3-3-3.
As added by P.L.169-1988, SEC.1. Amended by P.L.33-1989,
SEC.67.
Last modified: May 27, 2006