Sec. 1. 18-A MRSA §5-418, as enacted by PL 1979, c. 540, §1, is amended to read:

§5-418. Inventory and records

Within 90 days after his following a conservator's appointment, every the conservator shall prepare and file with the appointing court a complete inventory of the estate of the protected person together with his the conservator's oath or affirmation that it is complete and accurate so far as he the conservator is informed. The A conservator shall provide a copy thereof of the completed inventory to the protected person if he the person can be located, has attained the age of 14 years, and has sufficient mental capacity to understand these matters, and to any parent or guardian with whom the protected person resides. The A conservator shall keep suitable records of his the conservator's administration and exhibit the same on request of any interested person. A conservator shall also file an annual report with the court.__A conservator that fails, without a good reason, to file a completed inventory with the court commits a civil violation for which a forfeiture of $100 per day for failure to file an inventory with the court may be adjudged.

SUMMARY

This bill requires a conservator to file an annual report with the court. It also imposes a fine of $100 for each day that a conservator fails to file a completed inventory with the court.