conservatorship
conservatorship
English Definitions:
conservatorship (Noun)
The legal status of a conservator, similar to guardianship or trusteeship.
Conservatorship
Conservatorship is a legal concept in the United States of America, where an entity or organization is subjected to the legal control of an external entity or organization, known as a conservator. Conservatorship is established either by court order or via a statutory or regulatory authority. When referring to government control of private corporations such as Freddie Mac or Fannie Mae, conservatorship implies a more temporary control than does nationalization. In other legal terms, a conservatorship may refer to the legal responsibilities over a person who is mentally ill, including individuals who are psychotic, suicidal, incapacitated, or in some other way unable to make legal, medical or financial decisions on behalf of themselves. Conservatorship is a legal term referring to the legal responsibilities of a conservator over the affairs of a person who has been deemed gravely disabled by the court and unable to meet his or her basic needs of food, clothing, and shelter. There are two types of conservatorships: Lanterman Petris-Short and Probate conservatorships. They are governed by the state's individual laws. In California, they are governed by the California Probate Code, and Welfare and Institutions Codes. Some states or jurisdictions refer to it as a guardianship, or even a trustee, instead of a conservator.
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"conservatorship." Kamus.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.kamus.net/english/conservatorship>.
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