Statutes > New Mexico Statutes > Chapter 45 - Uniform Probate Code. > Article 5 - Protection of Persons Under Disability and Their Property, 45-5-101 through 45-5-617. > Section 45-5-422 - Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions.

Section 45-5-422 - Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions.

45-5-422. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions.

Any sale or encumbrance to a conservator, his spouse, agent or attorney, or to 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.