SENATE BILL NO. 40
AS AMENDED BY
SENATE AMENDMENT NO. 3
HOUSE AMENDMENT NO. 1
AN ACT TO AMEND TITLE 12 OF THE DELAWARE CODE RELATING TO GUARDIANSHIPS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend § 3951, Title 12 of the Delaware Code, by striking subsection (b) thereof in its entirety and by substituting in lieu thereof the following:
"(b) Whenever application for such a sale is made by a guardian, the Court shall appoint a licensed and certified pursuant to Delaware Law appraiser of real estate to perform an appraisal of the real property to be sold. The appraiser appointed shall be independent of the parties to the sale and disinterested in the transaction. The appraised value shall be used by the Court to establish the lowest price at which the property may be offered for sale, except in cases where the Court determines, based on good cause shown, that another sale price is appropriate.”.
Approved August 5, 2004