A BILL TO BE ENTITLED
AN ACT to raise the ceiling on the total amount of personal property a guardian is allowed to sell without a court order under the laws pertaining to guardianship, as recommended by the house study committee on state guardianship laws and the Study commission on Aging.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 35A‑1251(17)a. reads as rewritten:
"§ 35A‑1251.  Guardian's powers in administering incompetent ward's estate.
In the case of an incompetent ward, a general guardian or guardian of the estate has the power to perform in a reasonable and prudent manner every act that a reasonable and prudent person would perform incident to the collection, preservation, management, and use of the ward's estate to accomplish the desired result of administering the ward's estate legally and in the ward's best interest, including but not limited to the following specific powers:
…
(17)a.	Without a court order to lease any of the ward's real estate for a term of not more than three years, or to sell, lease or exchange any of the ward's personal property including securities, provided that the aggregate value of all items of the ward's tangible personal property sold without court order shall not exceed five thousand dollars ($5,000) per accounting period and shall not exceed the total aggregate amount of fifteen thousand dollars ($15,000) over the duration of the estate. When any item of the ward's tangible personal property has a value which when increased by the value of all other tangible personal property previously sold in the estate without a court order would exceed  five thousand dollars ($5,000) in the current accounting period, or the total aggregate amount of fifteen thousand dollars ($15,000) over the duration of the estate, a guardian may sell the item only as provided in subdivision (17)b.
...."
SECTION 2.  G.S. 35A‑1252(14)a. reads as rewritten:
"§ 35A‑1252.  Guardian's powers in administering minor ward's estate.
In the case of a minor ward, a general guardian or guardian of the estate has the power to perform in a reasonable and prudent manner every act that a reasonable and prudent person would perform incident to the collection, preservation, management, and use of the ward's estate to accomplish the desired result of administering the ward's estate legally and in the ward's best interest, including but not limited to the following specific powers:
…
(14)a.	Without a court order to lease any of the ward's real estate for a term of not more than three years, or to sell, lease or exchange any of the ward's personal property including securities, provided that the aggregate value of all items of the ward's tangible personal property sold without court order shall not exceed five thousand dollars ($5,000) per accounting period and shall not exceed the total aggregate amount of fifteen thousand dollars ($15,000) over the duration of the estate. When any item of the ward's tangible personal property has a value which when increased by the value of all other tangible personal property previously sold in the estate without a court order would exceed five thousand dollars ($5,000) in the current accounting period, or the total aggregate amount of fifteen thousand dollars ($15,000) over the duration of the estate, a guardian may sell the item only as provided in subdivision (14)b.
…."
SECTION 3.  This act is effective when it becomes law.