Alabama § 26-2A-150 Sale, Encumbrance, or Transaction Involving Conflict of Interest; Voidable; Exceptions

Alabama Statutes

§ 26-2A-150 — Sale, Encumbrance, or Transaction Involving Conflict of Interest; Voidable; Exceptions

Alabama·Title 26 Infants and Incompetents·Ch. 2A Alabama Uniform Guardianship and Protective Proceedings Act·Art. 2 Protection of Persons Under Disability and Their Property·Div. 3 Protection of Property of Persons Under Disability and Minors

Any sale or encumbrance to or purchase from a conservator, the spouse, agent, attorney of a conservator, any person related to the conservator by blood or marriage within the fourth degree, or any corporation, trust, or other organization in which the conservator has a substantial beneficial interest, or any other transaction involving the estate being administered by the conservator which is affected by a substantial conflict between fiduciary and personal interests is voidable unless the transaction is approved by the court after notice as directed by the court.

Free access — add to your briefcase to read the full text and ask questions with AI

Any sale or encumbrance to or purchase from a conservator, the spouse, agent, attorney of a conservator, any person related to the conservator by blood or marriage within the fourth degree, or any corporation, trust, or other organization in which the conservator has a substantial beneficial interest, or any other transaction involving the estate being administered by the conservator which is affected by a substantial conflict between fiduciary and personal interests is voidable unless the transaction is approved by the court after notice as directed by the court.

Alabama § 26-2A-150 (Sale, Encumbrance, or Transaction Involving Conflict of Interest; Voidable; Exceptions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.