1. (A) Except as otherwise provided in subsections (B) and (C), the interest of a protected person in property vested in a conservator is not transferable or assignable by the protected person.
2. (B) A person without knowledge of the conservatorship who in good faith and for security or substantially equivalent value receives delivery from a protected person of tangible personal property of a type normally transferred by delivery of possession is protected.
3. (C) A third party who deals with the protected person in good faith with respect to property vested in a conservator is entitled to any protection provided by law.

HISTORY: 2017 Act No. 87 (S.415), SECTION 5.A, eff January 1, 2019.