The appointment of a conservator vests in him title as trustee to all property of the protected person, presently held or thereafter acquired, including title to any property previously held by custodians or agents, unless otherwise provided in the court's order. Neither the appointment of a conservator nor the establishment of a trust in accordance with Article 6, Chapter 6, Title 44 is a transfer or alienation by the protected person of his rights or interest, within the meaning of any federal or state statute or regulation, insurance policy, pension plan, contract, will, or trust instrument imposing restrictions upon or penalties for transfer or alienation by the protected person of his rights or interest.
HISTORY: 1986 Act No. 539, Section 1; 1993 Act No. 164, Part II, Section 74B. Formerly Code 1976 Section 62-5-420, renumbered and amended by 2017 Act No. 87 (S.415), Section 5.A, eff January 1, 2019.
Editor's Note
Prior Laws: Former Section 62-5-417 was titled General duty of conservator, and had the following history: 1986 Act No. 539, Section 1; 2005 Act No. 66, Section 7. See now, Code 1976 Section 62-5-414.