1927_public laws_46_2
CHAPTER 45 AN ACT TO AUTHORIZE AND EMPOWER GUARDIANS OF IDIOTS, INEBRIATES, LUNATICS OR INCOMPE- TENTS, TO RENEW OBLIGATIONS OF THEIR WARDS. The General Assembly of North Carolina do enact:
That in all cases where an inebriate, lunatic, or incompetent, from want of understanding to manage his or her own affairs by reason of the excessive use of intoxicating drinks or other causes, and such inebriate, lunatic, or incompetent has been so judicially declared and pursuant to such judicial finding such inebriate, lunatic, or incompetent has had a guardian appointed, is the maker or one of the makers, a surety, or one of the sureties, an endorser or one of the endorsers of any note, bond or other obligation, for the payment of money which is due or past due at the time of the appointment of said guardian, or shall thereafter become due prior to the settlement of the estate of the said ward, the guardian of said wards estate is hereby authorized and empowered to execute as such guardian a new note, bond or other obligation for the payment of money, in the same capacity as ward was obligated for the same amount or less, but not greater than the sum due on the original obligation which shall be in lieu of the original obligation of the ward, whether made payable to the original holder or another, and is authorized and empowered to renew said note, bond, or other obligation for the payment of money from time to time, and said note, bond or other obligation for the payment of money so executed by said guardian shall be binding upon the estate of said ward to the same extent and in the same manner and with the same effect that the original note, bond or other obligation for the payment of money so executed by the ward was binding upon his estate: Provided, the time for final payment of the note, bond or other obligation for the payment of money, or any renewal thereof by said guardian shall not extend beyond a. period of two years from the qualification of the original guardian as such upon the estate of said ward.