§ 29-5-31. Retention of Property; Exchange or Conversion of Stocks or Securities
A conservator may retain the property received by the conservator on the creation of the conservatorship, including, in the case of a corporate fiduciary, stock or other securities of its own issue, even though the property may not otherwise be a legal investment and shall not be liable for the retention, except for gross neglect. […]
§ 29-5-32. Investment of Estate Funds by Conservator
A conservator is authorized to invest estate funds in the following and shall not otherwise be liable for such investment, except in the case of gross neglect: Bonds issued by any county or municipality of this state which have been validated as required by law for the validation of county and municipal bonds; Bonds issued […]
§ 29-5-33. Holding of Investments; Corporate Fiduciaries
Whenever by law or by court order the conservator is authorized, permitted, required, or directed to invest funds in direct and general obligations of the United States government, obligations unconditionally guaranteed by the United States government, or obligations of the agencies of the United States government enumerated in Code Section 29-5-32, the conservator may invest […]
§ 29-5-34. Prudence Required From Conservator in Making Investments; Acquisition and Retention of Property
After receiving court approval as required in subsections (b) and (c) of Code Section 29-5-23, in making investments and in acquiring and retaining those investments and managing property of the ward, the conservator shall exercise the judgment and care, under the circumstances then prevailing, that a prudent person acting in a like capacity and familiar […]
§ 29-5-35. Sale of Perishable Property; Sale of Other Properties; Disposal of Other Properties; Accounting for Proceeds; Authority of Emergency or Temporary Substitute Conservator
A conservator may sell perishable property of the ward, property of the ward that is liable to deteriorate from keeping, or property of the ward that is expensive to keep, as early as practicable and in such manner as the court shall determine is in the best interest of the ward, after such notice and […]
§ 29-5-36. Development of Estate Plan for Ward; Appointment of Guardian Ad Litem Prior to Implementation of Plan
After notice to interested parties and other persons as the court may direct, and upon a showing that the ward will probably remain in need of a conservator throughout the ward’s lifetime and that it is in the best interest of the ward, the court may order the conservator to apply such principal or income […]
§ 29-5-30. Inventory and Plan for Handling Ward’s Property
Within two months of appointment, the conservator shall file with the court and provide to the ward’s guardian, if any, an inventory of the ward’s property and a plan for managing, expending, and distributing the property. The inventory shall describe all the assets and liabilities of the ward and shall include a list of all […]