conservatorship


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con·ser·va·tor

 (kən-sûr′və-tər, kŏn′sər-vā′tər)
n.
1. A person in charge of maintaining or restoring valuable items, as in a museum or library.
2. A protector or guardian: "a conservator of cherished values and regular order in governing institutions" (William Greider).
3. Law One placed in charge of the property or personal affairs of an incompetent person.

con·ser′va·to′ri·al (-tôr′ē-əl) adj.
con·ser′va·tor·ship′ n.

conservatorship

(ˈkɒnsəveɪtəˌʃɪp)
n
(Law) law US the legal status of a person appointed by a court to protect the interests of someone, such as a child, who is unable to manage his or her own affairs
References in periodicals archive ?
The Insurance Commission (IC) on Wednesday announced that it has shut down the operations of five nonlife insurance firms and placed them under conservatorship for failure to meet the statutory capital requirement.
The Insurance Commission (IC) ordered the closure of five non-life insurance companies and placed them under conservatorship for failure to meet the statutory capital requirement.
the Michigan Department of Insurance and Financial Services (DIFS) placed the Ukrainian Future Credit Union into conservatorship and appointed the National Credit Union Administration (NCUA) conservator.
6 million Ukrainian Future Credit Union is well capitalized and has not posted net income losses over the last five years, but Michigan regulators placed the Warren-based credit union into conservatorship Friday.
12, 2017, placed BFPMBAI under conservatorship after it was found to be in operations despite a cease and desist order filed on Feb.
under conservatorship due to its poor financial state.
In the US process, the US Treasury defines conservatorship as the legal process in which a person (or entity) is appointed to establish control and oversight of a corporate entity to put it in a sound and solvent condition.
4 million foreclosure-prevention actions have been completed by the government-sponsored enterprises (GSEs) since they entered conservatorship in September 2008.
Tomalevski, as cited by the Bulgarian National Radio, informed that transactions worth BGN 100 M denominated in different currencies had been made by KTB within 11 minutes late on June 20, the day when the bank was placed under conservatorship by the Bulgarian National Bank (BNB).
Her conservatorship is with her mother Lynn Bynes since Oct.
Fannie Mae and Freddie Mac have been under government conservatorship since 2008.
A conservatorship is a difficult and often humiliating process for any client to have to go through.