§ 29-5-49. Discharge of Surety From Obligations Under Bond; Reporting
The surety on the bond of any conservator or, if the surety is dead, the surety’s personal representative, may at any time petition the court regarding any misconduct of the conservator in the discharge of the conservator’s trust or to show the court his or her desire for any reason to be relieved as surety. […]
§ 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. […]
§ 29-5-49.1. Communication With Other States on Conservatorship
With respect to a conservatorship order from another state that has been registered with and recorded by a court of this state under Code Section 29-11-31, in addition to any action such court of this state may take under this article or under subsection (b) of Code Section 29-11-32, such court of this state may […]
§ 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 […]
§ 29-5-50. Determining Compensation of Conservator; Failure to File Annual Returns Results in Forfeiture of Commission
Other than an emergency conservator or a temporary substitute conservator, a conservator shall be entitled to compensation for services rendered equal to: Two and one-half percent commission on all sums of money received by the conservator on account of the estate, except on money loaned by and repaid to the conservator, and 2 1/2 percent […]
§ 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 […]
§ 29-5-51. Reimbursement for Reasonable Expenses
Conservators shall be allowed reasonable expenses incurred in the administration of the estate, including without limitation expenses for travel, employing counsel and other agents, and the expenses and premiums incurred in securing a bond. Such reasonable expenses shall be determined after notice, if any, as the court shall direct. The conservator’s commissions are part of […]
§ 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 […]
§ 29-5-52. Petition for Additional Compensation by Conservator
A conservator may petition the court for compensation that is greater than the commissions allowed under Code Section 29-5-50. Service of notice of the petition for extra compensation shall be made to the ward and to a guardian ad litem appointed for the ward. Service shall be made in the manner described in Chapter 9 […]
§ 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 […]