Page:United States Statutes at Large Volume 76A.djvu/749

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–653–

-653§ 2967. Oaths and affidavits of trust companies If it is required that a guardian of the estate shall qualify by taldng and subscribing an oath, or an affidavit is required, it is a sufficient qualification by a corporation or association receiving an appointment as guardian of the estate if the oath is taken and subscribed, or the affidavit is made, by the president, vice president, secretary, manager, trust officer, or assistant trust officer thereof.

CHAPTER 131—POWERS AND DUTIES OF GUARDIANS Sec.

3001. General powers; duration. 3002. Payment and collection of debts; compromise of claims; representation of ward. 3003. Management of estate; application of income; credit for advancements. 3004. Support, maintenance, or education; enforcement against guardian; payments to third persons. 3005. Minor having father living; support, maintenance, and education. 8006. Incompetent wife; care or support. 3007. Partition; powers of guardian. 3008. Attorneys' fees; Judgments for minors. 3009. Additional conditions imposed by court.

§3001. General powers; duration (a) Until legally discharged or until the guardianship terminates as provided by chapter 141 of this title, the guardian of a minor has the care and custody of the person and the care of the education of the ward, and the management of his estate, unless he is appointed guardian only of the person of the ward, in which case the guardian shall look to the support, health, and education of the ward. (b) Until legally discharged or until the guardianship terminates as provided by chapter 141 of this title, the guardian of an incompetent person has the care and custody of the person of the ward, or the management of all his estate, or both, according to the order of appointment. (c) The guardian of a minor or incompetent person may fix the residence of the ward at any place in the Canal Zone, but not elsewhere without the permission of the court. § 3002. Payment and collection of debts; compromise of claims; representation of ward (a) The guardian shall pay the ward's just debts out of the ward's personal estate and the income of his real estate, if sufficient; if not, then out of his real estate upon selling or mortgaging it and disposing of the proceeds in the manner provided by chapter 133 of this title. (b) The guardian shall demand, sue for, and collect all debts due to the ward, or, with the approval of the court, he may give the debtor a discharge upon such terms as may appear to the court to be for the best interest of the estate of the ward. (c) The guardian shall appear for and represent the ward in all legal suits and proceedings, unless another person is appointed for that purpose. § 3003. Management of estate; application of income; credit for advancements (a) The guardian of an estate shall manage it frugally and without waste, and apply the income, as far as may be necessary, to the comfortable and suitable support, maintenance, and education of the ward and his family, if any; and if the income is insufficient for that purpose, the guardian may sell or mortgage the real or personal property, as provided by chapter 133 of this title, and shall apply the proceeds of the sale or mortgage, as far as may be necessary, for the support, maintenance, and education of the ward and his family, if any.