2010 Maine Code
TITLE 18-A: PROBATE CODE
Article 3: PROBATE OF WILLS AND ADMINISTRATION
18-A §3-713. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions
Part 7: DUTIES AND POWERS OF PERSONAL REPRESENTATIVES
§3-713. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions
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 [1979, c. 540, §1 (NEW).]
(1). The will or a contract entered into by the decedent expressly authorized the transaction; or
[ 1979, c. 540, §1 (NEW) .]
(2). The transaction is approved by the court after notice to interested persons.
[ 1979, c. 540, §1 (NEW) .]
SECTION HISTORY
1979, c. 540, §1 (NEW).
Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
