Money Judgment in Favor of Minor

If the judgment is for the recovery of money or other property, and there is no general guardian of the minor, one shall be appointed by the court to receive and care for the money or property recovered, upon notice and a hearing as in other cases of appointment. But if a minor has brought an action by a guardian ad litem and has recovered a money judgment not in excess of Five Hundred Dollars ($500) exclusive of costs, and the guardian ad litem is a blood relative of the minor, then upon the approval of the court which rendered the judgment the amount thereof may be paid directly to such guardian ad litem without any bond being required therefor.