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2017 New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 5 - Protection of Persons Under Disability and Their Property
Part 4 - PROTECTION OF PROPERTY OF PERSONS UNDER DISABILITY AND MINORS
Section 45-5-422 - Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions.
Universal Citation: NM Stat § 45-5-422 (2017)
45-5-422. Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions.
Any sale or encumbrance to a conservator, his spouse, agent or attorney, or to 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.
History: 1953 Comp., 32A-5-422, enacted by Laws 1975, ch. 257, 5-422.
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