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PART II. REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS

TITLE II. DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS

CHAPTER 201. GUARDIANS AND CONSERVATORS

GENERAL POWERS AND DUTIES OF GUARDIANS AND CONSERVATORS

Chapter 201: Section 47A. Investment of funds; life insurance; endowment or annuity contracts

Section 47A. The probate court, upon the application of a guardian, may authorize him to invest income or principal of the estate of his ward in policies of life or endowment insurance or annuity contracts, issued by a life insurance company duly authorized to transact business in the commonwealth under chapter one hundred and seventy-five, on the life of the ward or on the life of a person in whose life the ward has an insurable interest.