(a) (1) A guardian, conservator, committee, or other similar fiduciary, appointed by the appropriate court of another jurisdiction to manage the property of a protected person who is a resident of that jurisdiction, may exercise in the State all powers of the office, including the power to: (i) Sell, purchase, or mortgage real estate in the State; and (ii) Collect, receipt for, take possession of, and remove to the other jurisdiction: 1. Money due; 2. Tangible personal property; or 3. An instrument evidencing a debt, an obligation, a stock, or a chose in action located in the State. (2) Subject to any statute or rule relating to nonresidents, the guardian, conservator, committee, or other similar fiduciary, appointed by the appropriate court of another jurisdiction, may sue and be sued in the State. (b) Before receiving actual notice of the pendency of a guardianship proceeding in the State, a person who has changed the person's position by relying on the powers granted by this section may not be prejudiced by the pendency of the proceeding.
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