(A) Except as otherwise provided in subsections (B) and (C), the interest of a protected person in property vested in a conservator is not transferable or assignable by the protected person.
(B) A person without knowledge of the conservatorship who in good faith and for security or substantially equivalent value receives delivery from a protected person of tangible personal property of a type normally transferred by delivery of possession is protected.
(C) A third party who deals with the protected person in good faith with respect to property vested in a conservator is entitled to any protection provided by law.
HISTORY: 2017 Act No. 87 (S.415), Section 5.A, eff January 1, 2019.
Editor's Note
Prior Laws: Former Section 62-5-421 was titled Recording of conservator's letters, and had the following history: 1986 Act No. 539, Section 1. See now, Code 1976 Section 62-5-418.
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