72-5-434. Transaction involving conflict of interest -- voidable -- exceptions.
72-5-434. Transaction involving conflict of interest -- voidable -- exceptions. Any sale or encumbrance to a conservator, to the conservator's spouse, agent, or attorney, or to any corporation or trust in which the conservator has a substantial beneficial interest or any transaction that 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.
History: En. 91A-5-422 by Sec. 1, Ch. 365, L. 1974; R.C.M. 1947, 91A-5-422; amd. Sec. 2434, Ch. 56, L. 2009.