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Re: Hvp123 post# 305395

Monday, 07/06/2015 7:10:37 PM

Monday, July 06, 2015 7:10:37 PM

Post# of 795912
Here's table of contents from 60plus brief :)
ARGUMENT ............................................................................................................5
THE DISTRICT COURT DECISION MISPERCEIVED AND INCORRECTLY APPLIED FUNDAMENTAL PRINCIPLES THAT GOVERN THE FIDUCIARY DUTIES OF CONSERVATORS ......................5
A. The Dual Roles Of A Conservator in Probate Law......................................7
1. A Conservator Has A Duty to Conserve The Conservatee’s Autonomy .........................................................................................................................7
2. A Conservator, As A Fiduciary, Owes The Conservatee The Duty of Loyalty And The Duty To Prudently Conserve The Conservatee’s Estate .............................................................................................................1 1
B.
The Companies As Their Conservator...............................................................13
The Net Worth Sweep Amendment Violates Duties The FHFA Owes To
1. A Conservator Breaches The Duty To Rehabilitate The Conservatee By Acting To Wind Down The Conservatee’s Assets...........................14
2. A Conservator Breaches The Duty Of Loyalty By Providing A Windfall To A Third Party To The Detriment Of The Conservatee ...16
3. A Conservator Breaches The Duty To Prudently Conserve The Estate By Acting To Wind Down The Conservatee’s Assets When The Conservatee Has Achieved Financial Stability ......................................20