Section 45-70g-4a - Duties of conservator(a) Upon the Commissioner's appointment as conservator of the estate, the Commissioner or the designee shall undertake to complete an inventory of the estate which shall be filed with the Court of Probate within two months of the appointment.(b) The Commissioner or the designee shall provide a written accounting to the Court of Probate within three years from the date of appointment or more frequently if required by the court.(c) The Commissioner or designee is not required to engage in the sale or transfer for value of real property in connection with the duties as conservator. When such sale or transfer is necessary for the proper disposition of the estate, the Commissioner may resign as conservator and request that the Court of Probate appoint a successor conservator with payment to be made from the proceeds of the sale.(d) The Commissioner and the designee shall be exempted from liability for any loss or depreciation of any estate or trust property provided that they have acted in good faith and with reasonable care and diligence.Conn. Agencies Regs. § 45-70g-4a
Effective December 10, 1990