conservator

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Conservator

An entity given legal responsibility for overseeing, protecting, or preserving the interests and affairs of another entity deemed incapable often doing so. See: Bailout, Conservatorship
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

conservator

A guardian, receiver, or other protector appointed by a court to manage the assets of someone suffering from a permanent or temporary disability that prevents the person from managing his or her own affairs.A person need not be adjudged mentally incompetent to have a conservator appointed, and the appointment does not disqualify the person from entering into contracts, making or changing wills,or any other such legal rights.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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