75-5-422. Sale, encumbrance or transaction involving conflict of interest -- Voidable -- Exceptions.
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75-5-422. 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.
Enacted by Chapter 150 , 1975 General Session