1. If a guardian of the estate has not been appointed, a guardian of the person may:
(a) Institute proceedings to compel any person under a duty to support the protected minor or to pay for the welfare of the protected minor to perform that duty; and
(b) Receive money and tangible property deliverable to the protected minor.
2. A guardian shall not use any money from the estate of the protected minor to cover the cost of any:
(a) Room and board that the guardian or the spouse, parent or child of the guardian furnishes to the protected minor; or
(b) Any care, maintenance, education or support for the protected minor, unless approved by the court upon a showing that the expenditure is necessary to meet an extraordinary need of the protected minor.
3. The guardian shall exercise care to conserve any money of the protected minor.