N.Y. Surrogate's Court Procedure Act § 1723: Powers of a guardian of the property

§ 1723. Powers of a guardian of the property.

1. A guardian of the property of an infant shall protect, preserve and

manage the property of the infant. He shall have the power to sell the

personal property of the infant for any purpose connected with the

faithful discharge of his trust, including investing such property or

the proceeds thereof, changing investments and disposing of investments,

except where his authority is otherwise limited by court order or

decree, or in the case of a testamentary guardian, by the terms of the

will which appointed him.