Mass. Gen. Laws ch. 190B, § 5-430 Payment of Debt and Delivery of Property to Foreign Conservator Without Local Proceedings

• Library: General Laws of Massachusetts
• Edition: 2023
• Currency: Current through Chapter 87 of the 2023 Legislative Session
• Year: 2023
• Citation: Mass. Gen. Laws ch. 190B, § 5-430

(a) Any person indebted to a protected person or having possession of property or of an instrument evidencing ...

(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.