Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
524.5-424 PROTECTION OF PERSON DEALING WITH CONSERVATOR.
(a) A person who assists or deals with a conservator in good faith and for value in any
transaction other than one requiring a court order under section 524.5-410 or 524.5-411 is
protected as though 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, but restrictions on powers of conservators which are
endorsed on letters as provided in section 524.5-110 are effective as to other persons. A person
need not see to the proper application of assets of the estate paid or delivered to a conservator.
(b) Protection provided by this section extends to any procedural irregularity or jurisdictional
defect that occurred in proceedings leading to the issuance of letters and is not a substitute for
protection provided to persons assisting or dealing with a conservator by comparable provisions
in other law relating to commercial transactions or to simplifying transfers of securities by
fiduciaries.
History: 2003 c 12 art 1 s 63
(a) A person who assists or deals with a conservator in good faith and for value in any
transaction other than one requiring a court order under section 524.5-410 or 524.5-411 is
protected as though 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, but restrictions on powers of conservators which are
endorsed on letters as provided in section 524.5-110 are effective as to other persons. A person
need not see to the proper application of assets of the estate paid or delivered to a conservator.
(b) Protection provided by this section extends to any procedural irregularity or jurisdictional
defect that occurred in proceedings leading to the issuance of letters and is not a substitute for
protection provided to persons assisting or dealing with a conservator by comparable provisions
in other law relating to commercial transactions or to simplifying transfers of securities by
fiduciaries.
History: 2003 c 12 art 1 s 63
Official Publication of the State of Minnesota
Revisor of Statutes