District of Columbia § 21-2069 Persons dealing with conservators; protection.

District of Columbia Statutes

§ 21-2069 — Persons dealing with conservators; protection.

District of Columbia·Title 21 Fiduciary Relations and Persons with Mental Illness. [Enacted title]·Ch. 20 Guardianship, Protective Proceedings, and Durable Power of Attorney.·Subch. VI Protection of Property of Incapacitated, Disappeared or Detained Individuals.

(a)A person who in good faith either assists or deals with a conservator for value in any transaction other than those requiring a court order as provided in section 21-2055(c) is protected as if the conservator properly exercised the power. The fact that a person knowingly deals with a conservator does not alone require the person to inquire into the existence of power or the propriety of its exercise, but restrictions on powers of conservators that are endorsed on letters as provided in section 21-2072 are effective as to third persons. A person is not bound to see the proper application of estate assets paid or delivered to a conservator.

(b)The protection expressed in this section extends to any procedural irregularity or jurisdictional defect occurring in proceedings leading to the

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(a) A person who in good faith either assists or deals with a conservator for value in any transaction other than those requiring a court order as provided in section 21-2055(c) is protected as if the conservator properly exercised the power. The fact that a person knowingly deals with a conservator does not alone require the person to inquire into the existence of power or the propriety of its exercise, but restrictions on powers of conservators that are endorsed on letters as provided in section 21-2072 are effective as to third persons. A person is not bound to see the proper application of estate assets paid or delivered to a conservator.

(b) The protection expressed in this section extends to any procedural irregularity or jurisdictional defect occurring in proceedings leading to the issuance of letters and is not a substitute for protection provided by comparable provisions of the law relating to commercial transactions or to simplifying transfers of securities by fiduciaries.

District of Columbia § 21-2069 (Persons dealing with conservators; protection.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.