2005 Arizona Revised Statutes - Revised Statutes §14-7235  Power of court to permit deviation or to approve transactions involving conflict of interest

A. This article does not affect the power of a court of competent jurisdiction for cause shown, upon petition of the trustee or affected beneficiary and on appropriate notice to the affected parties, to relieve a trustee from any restrictions on his power that would otherwise be placed on him by the trust or by this article.

B. If the duty of the trustee and his individual interest or his interest as trustee of another trust conflict in the exercise of a trust power, the power may be exercised only by court authorization, except as provided in section 14-7233, subsection C, paragraphs 1, 4, 6, 18 and 24, on petition of the trustee. Under this section, personal profit or advantage to an affiliated or subsidiary company or association is personal profit to any corporate trustee.