The judicial authorization to alienate, encumber or lease the property of the minor or incapacitated person or to settle or comprise by arbitration private or judicial matters affecting the rights of the minor or incapacitated persons, shall be decided by the part of the Court of First Instance wherein the property is situated, or by the part of the Court of First Instance where the litigious question has been or should be raised, after demonstrating the necessity and utility involved in the case, in conformity with the provisions of this title and those of an act relative to special legal proceedings.
History —Civil Code, 1930, § 214.