Property of Minors Sold for Investment; Disposition of Proceeds of Sale

  1. Law
  2. Massachusetts General Laws
  3. Real and Personal Property and Domestic Relations
  4. Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts
  5. Sales, Mortgages and Leases of Real Estate by Executors, Administrators, Guardians and Conservators
  6. Property of Minors Sold for Investment; Disposition of Proceeds of Sale

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Section 26. If the sale is made by a person other than the guardian, the proceeds shall forthwith be paid to the guardian upon his giving to the judge of probate a bond with sufficient sureties conditioned to account for such proceeds. If there is no guardian, the proceeds shall be placed on interest or invested by the person authorized to sell the property, in like manner as is required of a guardian.


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