0 a legal order for the finances or property of a person, organization, or company to be controlled by another person or organization:
The 79-year-old woman had agreed to a voluntary conservatorship but grew confused about how it might work.
Under the plan, the government would place the two companies under "conservatorship," their boards and chief executives would be fired and a government agency would appoint new chief executives.
The young woman was sectioned by a judge, with her assets placed under the conservatorship of her father.
The New York Times disclosed that the federal government was making plans to place the Company into a conservatorship.
