Massachusetts General Laws ch. 190B sec. 5-419 – Conservators; title by appointment
Section 5–419. [Conservators; Title By Appointment.]
Terms Used In Massachusetts General Laws ch. 190B sec. 5-419
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
(a) The appointment of a conservator vests in the conservator title as fiduciary to all property, or to the part thereof specified in the order, of the protected person, held at the time of appointment or thereafter acquired. An order vesting title to only a part of the property of the protected person creates a conservatorship limited to assets specified in the order.
(b) Except as otherwise provided herein, the interest of the protected person in property vested in a conservator by this section is not transferable or assignable by the protected person. An attempted transfer or assignment by the protected person, though ineffective to affect property rights, may generate a claim for restitution or damage.