conservatorship

American  

[kuhn-sur-vuh-ter-ship] / kənˈsɜr və tər ʃɪp /

noun

1. the position of being a conservator, especially a person who repairs, restores, or maintains the condition of objects in a museum, library, etc..

   The program will give participants an opportunity to get a feel for the level of precision and care necessary for a career in museum conservatorship.

2. Law. an agreement or order under which one person or entity controls the personal and financial affairs of another, such as a minor or someone who is considered legally incapable of managing their own affairs.

   She's under a court-approved conservatorship that oversees every significant purchase and every key decision that she wants to make.

3. Law. an agreement whereby a business or financial entity is placed under the control of another entity, usually temporarily and often as a result of prior or impending failure.

   This week, a bipartisan coalition in the legislature is demanding that the agency’s leaders be replaced and the agency be put under an independent conservatorship.

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Etymology

Origin of conservatorship

conservator ( def. ) + -ship ( def. )

Example Sentences

They will be able to help outline your options, which will depend on what kind of POA you hold and whether or not your brother requires conservatorship/guardianship, which should be a last resort.

From MarketWatch

Applying for conservatorship/guardianship and/or having a court review this attorney’s actions should be your next move.

From MarketWatch

The state law governing involuntary commitments and conservatorships for people with severe mental illness is known as the Lanterman-Petris-Short Act, and it includes the commonly used Section 5150 for those deemed “gravely disabled.”

From Los Angeles Times

Jones retained an attorney and fought the conservatorship.

From Los Angeles Times

The singer published her memoir in 2023 titled The Woman in Me, which detailed her struggles living under the conservatorship.

From BBC