New Jersey Statutes
§ 3B:14-36 — Voidable sales, encumbrances or transactions; exceptions
New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Any sale or encumbrance to the fiduciary, 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 on the part of the fiduciary, is voidable by any person interested in the estate except one who has consented after fair disclosure, unless: a. The will or a contract entered into by the decedent expressly authorized the transaction; or b. The transaction is approved by the court after notice to interested persons. L.1981, c. 405, s. 3B:14-36, eff. May 1, 1982.
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Nearby Sections
15
§ 3B:14-10
Cofiduciaries; terms of instrument§ 3B:14-11
Substituted fiduciary; bond§ 3B:14-12
Substituted fiduciary; powers and duties§ 3B:14-13
Reinstatement of original fiduciary§ 3B:14-14
Termination of substituted fiduciary's powers and duties; accounting and delivery of assets§ 3B:14-16
Commissions; apportionment§ 3B:14-17
More than one substituted fiduciary§ 3B:14-19
Discharge from particular trust; effect§ 3B:14-21
Removal for cause.