Section 1701. Definitions

As used in this article:
    1.  The term "incompetent person" means a person incompetent to manage
  his affairs of whose property a committee has been appointed pursuant to
  section 78.07 of the mental hygiene law.
    2. The term "conservatee" means a person who has suffered  substantial
  impairment  of his ability to care for his property or has become unable
  to provide for himself or others dependent upon him for support for whom
  a conservator of his property has been appointed,  pursuant  to  section
  77.01 of the mental hygiene law.
    3.  The  term "interest in real property" includes any term, estate or
  other interest in real property, vested or contingent, of an  infant  in
  being,  an  incompetent  person,  or a conservatee including an inchoate
  right of dower and a possibility of reverter, and  also  the  contingent
  interest of an infant not in being.
    4.  The term "possibility of reverter" means the possibility that upon
  breach of a condition or termination of  an  estate  by  limitation  the
  right  of  re-entry  will  vest  in, or real property will revert to, an
  infant, incompetent person or conservatee or  his  heirs  solely  or  in
  common with others.
    5.  The  term  "dispose of" means to sell, convey, exchange, mortgage,
  release or lease.
    6. The term "guardian, committee or conservator" refers to the general
  or testamentary guardian or guardian appointed by deed of  the  property
  of  the  infant,  or  the  committee  of the property of the incompetent
  person or patient appointed pursuant to the provisions of section  78.03
  or 78.07 of the mental hygiene law, the conservator of the property of a
  conservatee   appointed   pursuant   to   the   provisions   of  article
  seventy-seven of the mental hygiene law,  or  to  the  guardian  of  the
  infant,  incompetent  person  or  conservatee appointed as prescribed by
  this article.