With the consent of the petitioner and district attorney, any party may stipulate that the family is in need of services, with or without admitting the allegations of the petition, provided that:
(1) The person so stipulating personally appears before the court unless absent with the court's approval.
(2) The court fully informs the person of rights, if any, as required by Article 740.
(3) The court fully informs the person of the consequences of such a stipulation.
(4) The person knowingly and voluntarily consents to the judgment.
Acts 1991, No. 235, §7.