§560:5-422 - Protected person's interest inalienable.
§560:5-422 Protected person's interest
inalienable. (a) Except as otherwise provided in subsections (c) and (d),
the interest of a protected person in property vested in a conservator is not
transferable or assignable by the protected person. An attempted transfer or
assignment by the protected person, although ineffective to affect property
rights, may give rise to a claim against the protected person for restitution
or damages which, subject to presentation and allowance, may be satisfied as
provided in section 560:5-429.
(b) Property vested in a conservator by
appointment and the interest of the protected person in that property are not
subject to levy, garnishment, or similar process for claims against the
protected person unless allowed under section 560:5-429.
(c) 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 as if
the protected person or transferee had valid title.
(d) A third party who deals with the protected
person with respect to property vested in a conservator is entitled to any
protection provided in other law. [L 2004, c 161, pt of §1]