SEC. 93-13-211. Money or personal property not exceeding ten thousand dollars.
When a ward shall be entitled under a judgment or order or decree of any court, or from any other source, to a sum of money not greater than Ten Thousand Dollars ($10,000.00), or to personal property not exceeding in value that sum, the chancery court of the county of the residence of such ward or the chancery court of the county wherein such person is entitled to such money or property, may order such money or property to be delivered to the ward or to some other person for him if he has no guardian, and compliance with such order shall acquit the person so delivering the same. Provided, however, that if said sum of money or personal property is not due said ward, under a judgment or order or decree of a court, then in that event the chancery court before ordering said money or personal property paid over or delivered as above provided shall fully investigate said matter and shall satisfy itself by evidence, or otherwise, that the proposed sum of money to be paid, either as liquidated or unliquidated damages because of any claim of said ward whatsoever whether arising ex delicto or ex contractu, is a fair settlement of the claim of said ward, and that it is to the best interest of said ward that said settlement be made, or that said personal property be delivered to said ward. Thereupon said chancery court may authorize and decree that said sum of money or personal property be accepted by said ward and paid or delivered by the party owing or having the same as authorized by the decree of the court, and compliance with such order in the latter event shall acquit the person so paying or delivering the same. He, who under such order shall receive the money or property of a person under such disability, shall thereby become amenable to the court for the disposition of it for the use and benefit of the person under disability but shall not be required to furnish security therefor unless the chancery court shall so order.
SOURCES: Codes, 1880, Sec. 2073; 1892, Sec. 1958; 1906, Sec. 2132; Hemingway's 1917, Sec. 1800; 1930, Sec. 1911; 1942, Sec. 448; Laws, 1918, ch. 126; 1938, ch. 272; 1944, ch. 308, Sec. 1; 1956, ch. 211; 1962, ch. 275; 1964, ch. 292; 1972, ch. 408, Sec. 19; 1986, ch. 387, eff from and after passage (approved March 24, 1986).