Conservatorship

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Conservatorship

An entity either set up by the government or by court order that takes control of an organization that is unable to function on its own (due to legal or financial distress). See: Conservator
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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Media inquiries on conservatorships, probate, trusts or estate planning topics are also welcome.
He wrote, "Congress must act to bring the conservatorships to an end and chart the course for a new structure for housing finance.
This edition has added practice tips, comments, and forms, analysis of new cases interpreting Oregon's guardianship and conservatorship statutes, and discussions of amendments and additions to those statutes, including the Uniform Adult Guardianship and Protective Proceeding Jurisdiction Act.
The issue on the table is whether to end the conservatorship over Britney, the person.
On September 6, 2008, the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac in conservatorship out of concern that their deteriorating financial condition and potential default on $5.4 trillion in financial obligations threatened the stability of financial markets.
After more than a year of bizarre behaviour and two stints in a psychiatric hospital this year, Spears was placed under a conservatorship by the Los Angeles County Superior Court commissioner at the beginning of February.
Commissioner Reva Goetz told a packed LA courtroom: "It's in the best interests of the conservatee to have conservatorship over her person." James now has the power to restrict Britney's visitors and gain access to all medical records.
The market value of assets held by thrifts in conservatorships may have changed over time because they were managed less efficiently than they would have been under the control of private investors, because of movements in the level of interest rates and because of price changes in real-estate markets.
To meet potential liquidity needs that might arise before legislation could be enacted, the Federal Reserve in concert with the FHLB System and the Treasury entered into a Joint Lending Program to provide liquidity to S&Ls experiencing severe withdrawals of deposits, particularly those institutions in federal conservatorship. Under this program, established on February 23, 1989, credit was extended only when alternative funds were not available.
banking structure, with particular focus on changes since 1987 affecting receiverships, conservatorships, and bridge banks.
sharply reduccd compensation, the latest reductions will result in total reductions during the conservatorships of roughly 75 percent in the pay of the top five positions at each enterprise, with none of the top 10 compensated positions at either enterprise filled with pre conservatorship incumbents.
Conservatorships, said McKechnie, "are undertaken in an effort to preserve member assets and maintain uninterrupted service if possible."