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Chapter 524
Section 524.5-423
Recent History
- 2020 524.5-423 Amended 2020 c 86 art 1 s 36
- 2005 524.5-423 Amended 2005 c 91 s 2
- 2003 524.5-423 New 2003 c 12 art 1 s 62
This is an historical version of this statute chapter. Also view the most recent published version.
524.5-423 SALE, ENCUMBRANCE, OR OTHER TRANSACTION INVOLVING CONFLICT OF INTEREST.
Any transaction involving the conservatorship estate which is affected by a conflict between the conservator's fiduciary and personal interests is voidable unless the transaction is expressly authorized by the court after notice to interested persons. A transaction affected by a conflict between personal and fiduciary interests includes any sale, encumbrance, or other transaction involving the conservatorship estate entered into by the conservator, the spouse, descendant, agent, or lawyer of a conservator, or corporation or other enterprise in which the conservator has a beneficial interest.
Official Publication of the State of Minnesota
Revisor of Statutes