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AL HB168
Bill
Status
5/2/2017
Primary Sponsor
James Buskey
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AI Summary
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Amends Section 26-2A-137 of the Alabama Code to explicitly authorize courts to approve leasing of oil, gas, and other mineral rights for protected persons without appointing a conservator.
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Allows courts to authorize, direct, or ratify protective arrangements and transactions when a basis exists for appointment of a conservator or protective order under Section 26-2A-130.
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Requires courts to consider the interests of creditors and dependents of the protected person before approving any protective arrangement or transaction.
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Permits courts to appoint a special conservator to assist in accomplishing protective arrangements or transactions authorized under this section, with authority limited to the specific order of appointment.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Guardianship and Protective Proceeding Uniform Act, disabled persons and minors, leasing of oil, gas, and mineral rights authorized, Sec. 26-2A-137 am'd.
Courts
Last Action
Delivered to Governor at 2:21 p.m. on May 2, 2017.
5/2/2017