Section 5-430
(a)
Any person indebted to a protected person or having possession of property or of an instrument evidencing a debt, stock, or chose in action belonging to a protected person may pay or deliver it to a conservator, guardian of the estate, or other like fiduciary appointed by a court of the state of residence of the protected person upon being presented with proof of appointment and an affidavit made by or on behalf of the fiduciary stating:
- (1) that no protective proceeding relating to the protected person is pending in the commonwealth; and
- (2) that the foreign fiduciary is entitled to payment or to receive delivery.
(b)
If the person to whom the affidavit is presented is not aware of any protective proceeding pending in the commonwealth, payment or delivery in response to the demand and affidavit discharges the debtor or possessor.
Comment
Section 5-409(a)(1) gives a foreign conservator or guardian of property, appointed in the jurisdiction in which the protected person resides, first priority for appointment as conservator in this commonwealth. A foreign conservator may easily obtain any property in this commonwealth and take it to the residence of the protected person for management.