Alabama Code (Last Updated: November 28, 2014) |
Title26 INFANTS AND INCOMPETENTS. |
Chapter2A. ALABAMA UNIFORM GUARDIANSHIP AND PROTECTIVE PROCEEDINGS ACT. |
Article2. Protection of Persons Under Disability and Their Property. |
Division3. Protection of Property of Persons Under Disability and Minors. |
§26-2A-150. Sale, encumbrance, or transaction involving conflict of interest; voidable; exceptions.
Latest version.
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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.