14-5420. Conservators; title by
appointment
A. The appointment of a conservator vests in the conservator title as trustee to
all property or to the part specified in the order of the protected person, presently
held or thereafter acquired, including title to any property previously held for the
protected person by custodians or attorneys in fact. An order specifying that only part
of the property of the protected person vests in the conservator creates a limited
conservatorship.
B. The appointment of a conservator is not a transfer or alienation within the
meaning of general provisions of any federal or state statute or rule, regulation,
insurance policy, pension plan, contract, will or trust instrument, imposing restrictions
upon or penalties for transfer or alienation by the protected person of the person's
rights or interest.
C. Except as otherwise provided by law, the interest of the protected person in
property vested in a conservator is not transferable or assignable by the protected
person.
D. Property vested in a conservator by this section and the interest of the
protected person in that property are not subject to levy, garnishment or similar process
other than by an order issued in the protective proceeding as provided in section
14-5428.
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