Ohio Code § 5905.17

§ 5905.17.

The probate court may authorize the purchase of the entire fee simple title to real

estate in this state in which the guardian has no interest, but only as a home for

the ward, or to protect his interest, or, if he is not a minor, as a home for his

dependent family.  Such purchase of real estate shall not be made except upon the entry of an order

of the court after hearing upon verified petition.  A copy of the petition shall be furnished the proper office of the veterans' administration

and notice of hearing thereon shall be given said office as provided in the case of

hearing on a guardian's account. Before authorizing such investment the court shall require written evidence of value,

title, and the advisability of acquiring such real estate.  Title shall be taken in the ward's name.  This section does not limit the right of the guardian on behalf of his ward to bid

and to become the purchaser of real estate at a sale thereof pursuant to decree of

foreclosure of lien held by or for the ward, or at a trustee's sale, to protect the

ward's right in the property so foreclosed or sold;  nor does it limit the right of

the guardian, if it is necessary to protect the ward's interest and upon prior order

of the court in which the guardianship is pending, to agree with cotenants of the

ward for a partition in kind, or to purchase from cotenants the entire undivided interests

held by them, or to bid and purchase such interests at a sale under a partition decree,

or to compromise adverse claims of title to the ward's realty.