Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 14. Trusts, Estates and Protective Proceedings |
Chapter 3. PROBATE OF WILLS AND ADMINISTRATION |
Article 7. Duties and Powers of Personal Representatives |
Sec 14-3713. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions
Latest version.
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Any sale or encumbrance to the personal representative, 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 personal representative, is voidable by any person interested in the estate except one who has consented after fair disclosure, unless either:
1. The will or a contract entered into by the decedent expressly authorized the transaction.
2. The transaction is approved by the court after notice to interested persons.