§ 1701 — Definitions

§ 1701. Definitions. As used in this article:\n 1. The term "incompetent person" means a person incompetent to manage\nhis affairs of whose property a committee has been appointed pursuant to\nsection 78.07 of the mental hygiene law.\n 2. The term "conservatee" means a person who has suffered substantial\nimpairment of his ability to care for his property or has become unable\nto provide for himself or others dependent upon him for support for whom\na conservator of his property has been appointed, pursuant to section\n77.01 of the mental hygiene law.\n 3. The term "interest in real property" includes any term, estate or\nother interest in real property, vested or contingent, of an infant in\nbeing, an incompetent person, or a conservatee including an inchoate\nright of dower and a possibility of reverter, and also the contingent\ninterest of an infant not in being.\n 4. The term "possibility of reverter" means the possibility that upon\nbreach of a condition or termination of an estate by limitation the\nright of re-entry will vest in, or real property will revert to, an\ninfant, incompetent person or conservatee or his heirs solely or in\ncommon with others.\n 5. The term "dispose of" means to sell, convey, exchange, mortgage,\nrelease or lease.\n 6. The term "guardian, committee or conservator" refers to the general\nor testamentary guardian or guardian appointed by deed of the property\nof the infant, or the committee of the property of the incompetent\nperson or patient appointed pursuant to the provisions of section 78.03\nor 78.07 of the mental hygiene law, the conservator of the property of a\nconservatee appointed pursuant to the provisions of article\nseventy-seven of the mental hygiene law, or to the guardian of the\ninfant, incompetent person or conservatee appointed as prescribed by\nthis article.\n