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Conservatorship

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
Conservatorship
A status, defined by the jurisdiction, in which a conservatee—usually an elderly and/or mentally incompetent person—is under the control of another—conservator—vis-à-vis fiscal or contractual affairs, but not regarding the physical person or body—as with consent to medical or surgical treatment


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Eastern Financial was placed in conservatorship in April and merged with Space Coast in June.
Such state actions include involuntary liquidation because of insolvency, as well as other regulatory processes and procedures such as supervision, rehabilitation, receivership, conservatorship, a cease-and-desist order, suspension, license revocation, administrative order and any other action that restricts a company's freedom to conduct its insurance business as normal.
On September 6, 2008, the Federal Housing Finance Agency (FHFA) placed the enterprises into conservatorship out of concern that their deteriorating financial condition ($5.
 
 
 
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