Section 29-3-4-2 - Contracts, trusts or business transactions of incapacitated person or minor; ratification by court; exercise of parental powers in absence of guardianThe court may, without appointment of a guardian, by protective order authorize or ratify:
(1) any contract, trust, or other transaction relating to the property and financial or business affairs of the incapacitated person or minor if the court determines the transaction to be in the incapacitated person's or the minor's best interest; or(2) if no guardian is acting for an incapacitated person, the exercise of any power on the incapacitated person's behalf that is the same as that given to the parent of a minor under IC 29-3-3-3.As added by P.L. 169-1988, SEC.1. Amended by P.L. 33-1989, SEC.67.