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2018 Maine Revised Statutes
TITLE 18-A: PROBATE CODE
Article 5: PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY
Part 4: PROTECTION OF PROPERTY OF PERSONS UNDER DISABILITY AND MINORS
18-A §5-422. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions (WHOLE SECTION TEXT EFFECTIVE UNTIL 7/1/19)
Universal Citation: 18-A ME Rev Stat § 5-422 (2018)
§5-422. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL 7/1/19)
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. [1979, c. 540, §1 (NEW).]
SECTION HISTORY
1979, c. 540, §1 (NEW). 2017, c. 402, Pt. A, §1 (RP). 2017, c. 402, Pt. F, §1 (AFF).
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