Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 14. Trusts, Estates and Protective Proceedings |
Chapter 5. PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY |
Article 4. Protection of Property of Persons Under Disability and Minors |
Sec 14-5422. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions
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Any sale or encumbrance to a conservator, 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 is voidable unless the transaction is approved by the court after notice to interested persons and others as directed by the court.