an exercise in miscellany

Conservatorship

In words & phrases on October 3, 2011 at 9:02 am

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 (with regards to individuals) or via a statutory or regulatory authority (with regards to organizations). When referring to government control of private corporations such as Freddie Mac or Fannie Maeconservatorship implies a more temporary control than does nationalisation. In other legal terms, a conservatorship may refer to the legal responsibilities over a person who is mentally ill, including those who are psychotic,suicidal, incapacitated or is in some other way unable to make legal, medical or financial decisions on behalf of themselves.

via Conservatorship

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