(a) A person who in good faith either assists or deals with a conservator for value in any transaction other than those requiring a court order as provided in section 21-2055(c) is protected as if the conservator properly exercised the power. The fact that a person knowingly deals with a conservator does not alone require the person to inquire into the existence of power or the propriety of its exercise, but restrictions on powers of conservators that are endorsed on letters as provided in section 21-2072 are effective as to third persons. A person is not bound to see the proper application of estate assets paid or delivered to a conservator.
(b) The protection expressed in this section extends to any procedural irregularity or jurisdictional defect occurring in proceedings leading to the issuance of letters and is not a substitute for protection provided by comparable provisions of the law relating to commercial transactions or to simplifying transfers of securities by fiduciaries.
(Feb. 28, 1987, D.C. Law 6-204, § 2(a), 34 DCR 632.)
1981 Ed., § 21-2069.
Uniform Law: This section is based upon § 2-322 of the Uniform Guardianship and Protective Proceedings Act (1982 Act).
Structure District of Columbia Code
Title 21 - Fiduciary Relations and Persons with Mental Illness. [Enacted title]
Chapter 20 - Guardianship, Protective Proceedings, and Durable Power of Attorney
Subchapter VI - Protection of Property of Incapacitated, Disappeared or Detained Individuals
§ 21–2051. Protective proceedings
§ 21–2052. Original petition for appointment or protective order
§ 21–2054. Procedure concerning hearing and order on original petition
§ 21–2055. Permissible court orders
§ 21–2056. Protective arrangements and single transactions authorized
§ 21–2057. Who may be appointed conservator; priorities
§ 21–2059. Effect of acceptance of appointment
§ 21–2060. Compensation and expenses
§ 21–2061. Death, resignation, or removal of conservator
§ 21–2062. Petitions for orders subsequent to appointment
§ 21–2063. General duty of conservator
§ 21–2064. Inventory and records
§ 21–2066. Conservators; title by appointment
§ 21–2067. Recording of conservator’s letters
§ 21–2068. Sale, encumbrance, or transaction involving conflict of interest; voidable; exceptions
§ 21–2069. Persons dealing with conservators; protection
§ 21–2070. Powers of conservator in administration
§ 21–2071. Distributive duties and powers of conservator
§ 21–2072. Enlargement or limitation of powers of conservator
§ 21–2073. Preservation of estate plan; right to examine
§ 21–2074. Personal liability of conservator
§ 21–2075. Termination of proceedings
§ 21–2076. Payment of debt and delivery of property to foreign conservator without local proceedings
§ 21–2077. Foreign conservator; proof of authority; bond; powers