75-5-504 - Voidable transactions.
75-5-504. Voidable transactions.
Any loan, sale, or encumbrance on behalf of a principal with his attorney-in-fact, or withthe attorney-in-fact's spouse, agent, or attorney, or any entity or trust in which the attorney-in-facthas a substantial beneficial interest, or any transaction involving the attorney-in-fact which isaffected by a substantial conflict of interest, is voidable unless the transaction is approved by thecourt after notice to interested persons and others as directed by the court.
Enacted by Chapter 241, 2003 General Session