§501-172 License to sell or mortgage, not affected. Nothing in this chapter shall in any way affect or impair the jurisdiction of a circuit court to license a guardian to sell, mortgage, or convey registered land for any purpose for which a license may be granted in the case of unregistered land. The purchaser or mortgagee taking a deed executed in pursuance of a license is entitled to a new certificate of title, or memorandum of registration, on presenting the purchaser's or mortgagee's deed to the assistant registrar. [L 1903, c 56, §93; RL 1925, §3282; RL 1935, §5090; RL 1945, §12690; RL 1955, §342-90; HRS §501-172; am L 1972, c 91, §1(jj); am L 1976, c 200, pt of §1; am L 1977, c 144, §57; gen ch 1985]