If there is no conservator of such incapacitated person, such application shall be deemed to include an application for appointment of such conservator, and if the application is granted, the order shall include an appointment of such conservator and if such incapacitated person has no property other than such homestead right, no bond may be required of such conservator, and the conservator's duties shall be deemed terminated and the conservatorship closed upon the conveyance or encumbrance being executed.
SDCL 43-31-25