15-5-422 SALE, ENCUMBRANCE OR TRANSACTION INVOLVING CONFLICT OF INTEREST -- VOIDABLE -- EXCEPTIONS.
UNIFORM PROBATE CODE
CHAPTER 5
PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY
PART 4.
PROTECTION OF PROPERTY OF PERSONS UNDER DISABILITY AND MINORS
15-5-422. Sale, encumbrance or transaction involving conflict of interest -- Voidable -- Exceptions. Any sale or encumbrance to a conservator, his spouse, agent or attorney, or any corporation or trust in which he has a substantial beneficial interest, or any transaction which is affected by a substantial conflict of interest is voidable unless the transaction is approved by the court after notice to interested persons and others as directed by the court.