Section 251. Authority for committee or conservator to compromise claims

A
  court exercising jurisdiction  over  the  property  of  a  mentally  ill
  person,  mentally  retarded  person,  alcohol abuser or conservatee may,
  upon  the  application  of  the  committee  of  the  property  of   such
  incompetent  person  or the conservator of the conservatee, and for good
  and sufficient cause shown, and  upon  such  terms  as  it  may  direct,
  authorize  the  committee or conservator to sell, compromise or compound
  any claim or debt belonging to the estate of the incompetent  person  or
  conservatee.  But  such authority shall not prevent any party interested
  in the trust estate, from showing upon  the  final  accounting  of  such
  committee  or  conservator  that  such debt or claim was fraudulently or
  negligently sold, compounded or compromised. The sale  of  any  debt  or
  claim   heretofore   made  in  good  faith  by  any  such  committee  or
  conservator, shall be valid, subject, however, to the  approval  of  the
  court, and the committee or conservator shall be charged with and liable
  for,  as  a part of the trust fund, any sum which might or ought to have
  been collected by him.