§ 29-3-8-5 — Sale or encumbrance of guardianship property; conflicts of interest

(a) Any:
(1) sale or encumbrance of any part of the property of a protected
person to a guardian or guardian's spouse, agent, attorney, or any
corporation, trust, or other organization in which the guardian has
a substantial beneficial interest; or
(2) other transaction involving the property that is affected by a
substantial conflict between the interest of the protected person
and the guardian's personal interest;
is void unless approved by the court.
(b) Every contract, sale, or conveyance executed by a protected
person is void unless the protected person is a minor, in which event
the contract, sale, or conveyance is voidable.

Legislative History

As added by P.L.169-1988, SEC.1. Amended by P.L.238-2005, SEC.15.