15-5-423. PERSONS DEALING WITH CONSERVATORS — PROTECTION. A person who in good faith either assists a conservator or deals with him for value in any transaction other than those requiring a court order as provided in section 15-5-408 of this Part, 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 a power or the propriety of its exercise, except that restrictions on powers of conservators which are endorsed on letters as provided in section 15-5-426 of this Part are effective as to third persons. A person is not bound to see to the proper application of estate assets paid or delivered to a conservator. The protection here expressed extends to instances in which some procedural irregularity or jurisdictional defect occurred in proceedings leading to the issuance of letters. The protection here expressed is not by substitution for that provided by comparable provisions of the laws relating to commercial transactions and laws simplifying transfers of securities by fiduciaries.
History:
[I.C., sec. 15-5-423, as added by 1971, ch. 111, sec. 1, p. 233.]
Structure Idaho Code
Title 15 - UNIFORM PROBATE CODE
Chapter 5 - PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY
Part 4 - PROTECTION OF PROPERTY OF PERSONS UNDER DISABILITY AND MINORS
Section 15-5-401 - PROTECTIVE PROCEEDINGS.
Section 15-5-402 - PROTECTIVE PROCEEDINGS — JURISDICTION OF AFFAIRS OF PROTECTED PERSONS.
Section 15-5-404 - ORIGINAL PETITION FOR APPOINTMENT OR PROTECTIVE ORDER.
Section 15-5-406 - PROTECTIVE PROCEEDINGS — REQUEST FOR NOTICE — INTERESTED PERSON.
Section 15-5-407 - PROCEDURE CONCERNING HEARING AND ORDER ON ORIGINAL PETITION.
Section 15-5-407A - TEMPORARY AND EMERGENCY APPOINTMENTS.
Section 15-5-408 - PERMISSIBLE COURT ORDERS.
Section 15-5-409 - PROTECTIVE ARRANGEMENTS AND SINGLE TRANSACTIONS AUTHORIZED.
Section 15-5-409a - COMPROMISE OF CLAIM OF MINOR — PROCEDURE.
Section 15-5-410 - WHO MAY BE APPOINTED CONSERVATOR — PRIORITIES.
Section 15-5-412 - TERMS AND REQUIREMENTS OF BONDS.
Section 15-5-413 - ACCEPTANCE OF APPOINTMENT — CONSENT TO JURISDICTION.
Section 15-5-414 - COMPENSATION AND EXPENSES.
Section 15-5-415 - DEATH, RESIGNATION OR REMOVAL OF CONSERVATOR.
Section 15-5-416 - PETITIONS FOR ORDERS SUBSEQUENT TO APPOINTMENT.
Section 15-5-417 - GENERAL DUTY OF CONSERVATOR.
Section 15-5-419 - REPORTING REQUIREMENTS FOR CONSERVATORS.
Section 15-5-420 - CONSERVATORS — TITLE BY APPOINTMENT.
Section 15-5-421 - RECORDING OF CONSERVATOR’S LETTERS.
Section 15-5-423 - PERSONS DEALING WITH CONSERVATORS — PROTECTION.
Section 15-5-424 - POWERS OF CONSERVATOR IN ADMINISTRATION.
Section 15-5-425 - DISTRIBUTIVE DUTIES AND POWERS OF CONSERVATOR.
Section 15-5-426 - ENLARGEMENT OR LIMITATION OF POWERS OF CONSERVATOR.
Section 15-5-427 - PRESERVATION OF ESTATE PLAN.
Section 15-5-428 - CLAIMS AGAINST PROTECTED PERSON — ENFORCEMENT.
Section 15-5-429 - INDIVIDUAL LIABILITY OF CONSERVATOR.
Section 15-5-430 - TERMINATION OF PROCEEDING.
Section 15-5-433 - PROVISIONS FOR CONSERVATOR OF MINOR FROM AGE EIGHTEEN TO AGE TWENTY-ONE.