Section 170

Where the conservator approves the performance or exercise of a function by an officer of the affected person in accordance with subsection (1), the conservator shall pay to the officer such fee or other remuneration as the conservator reasonably determines.

Except as provided in subsection (2) and notwithstanding any other law or contract, no remuneration of whatever nature shall accrue or be payable to any officer of the affected person except such as may be approved in writing by the conservator in relation to any activity required or authorized by the conservator for the duration of the administration of the affected person.

For the purpose of subsection (1), the conservator shall be entitled to exercise all the functions of the board of directors of the affected person.

In this section, an employee of the affected person shall not be construed as an officer solely by virtue of him being an employee of the affected person.

Dealings with affected person’s asset