Text: HF02168 Text: HF02170 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 1 2 HOUSE FILE 2169 1 3 1 4 AN ACT 1 5 RAISING THE LIMIT ON THE AMOUNT OF ASSETS SUBJECT TO A 1 6 CONSERVATORSHIP IN CASES WHERE A PRIVATE NONPROFIT 1 7 CORPORATION SERVES AS CONSERVATOR AND PROVIDING FOR AN 1 8 INCREASE IN THE AMOUNT OF ASSETS IN A MINOR WARD'S 1 9 CONSERVATORSHIP ELIGIBLE FOR AN ORDER FOR TERMINATION 1 10 OF THE CONSERVATORSHIP AND FOR DELIVERY OF THE CONSER- 1 11 VATORSHIP ASSETS TO CERTAIN CUSTODIANS. 1 12 1 13 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 14 1 15 Section 1. Section 633.63, subsection 3, Code 1997, is 1 16 amended to read as follows: 1 17 3. A private nonprofit corporation organized under chapter 1 18 504 or 504A is qualified to act as a guardian, as defined in 1 19 section 633.3, subsection 19, or a conservator, as defined in 1 20 section 633.3, subsection 7, where the assets subject to the 1 21 conservatorship at the time when such corporation is appointed 1 22 conservator are less thanfifteenor equal to seventy-five 1 23 thousand dollars and the corporation does not possess a 1 24 proprietary or legal interest in an organization which 1 25 provides direct services to the individual. 1 26 Sec. 2. Section 633.681, Code 1997, is amended to read as 1 27 follows: 1 28 633.681 ASSETS OF MINOR WARD EXHAUSTED. 1 29 When the assets of a minor ward's conservatorship are 1 30 exhausted or consist of personal property only of an aggregate 1 31 value not in excess offourten thousand dollars, the court, 1 32 upon application or upon its own motion, may terminate the 1 33 conservatorshipand. The order for termination shall direct 1 34 the conservator to delivertheany property remaining after 1 35 the payment of allowed claims and expenses of administration 2 1 tothe parent or other person entitled to the custody of the2 2minor ward, for the use of the ward, after payment of allowed2 3claims and expenses of administrationa custodian under any 2 4 uniform transfers to minors Act. Such delivery shall have the 2 5 same force and effect as if delivery had been made to the ward 2 6 after attaining majority. 2 7 2 8 2 9 2 10 2 11 RON J. CORBETT 2 12 Speaker of the House 2 13 2 14 2 15 2 16 MARY E. KRAMER 2 17 President of the Senate 2 18 2 19 I hereby certify that this bill originated in the House and 2 20 is known as House File 2169, Seventy-seventh General Assembly. 2 21 2 22 2 23 2 24 ELIZABETH ISAACSON 2 25 Chief Clerk of the House 2 26 Approved , 1998 2 27 2 28 2 29 2 30 TERRY E. BRANSTAD 2 31 Governor
Text: HF02168 Text: HF02170 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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