Compliance Question of the Week

We have a member who has been appointed as a conservator over another member.  She is asking if she is allowed to open more than one conservatorship account and what her bond amount is. What should we do?

Nothing in the conservatorship or guardianship statutes limits the number of accounts that can be opened in this capacity. However, conservators are appointed bond amounts by the court and should speak with either the court or an attorney to determine the best way to manage any accounts.

Related Links

ORS 125.410

RCW 11.88.100

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Compliance, Compliance News, CUNA.