Statutes, codes, and regulations
Alaska Statutes
Title 13 - DECEDENTS' ESTATES, GUARDIANSHIPS, TRANSFERS, TRUSTS, AND HEALTH CARE DECISIONSChapter 13.16 - PROBATE OF WILLS AND ADMINISTRATION
Article 07 - DUTIES AND POWERS OF PERSONAL REPRESENTATIVES
Section 13.16.400 - Sale, encumbrance, or transaction involving conflict of interest voidable; exceptions

Alaska Stat. § 13.16.400

Download
PDF
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 13.16.400 - Sale, encumbrance, or transaction involving conflict of interest voidable; exceptions

Any sale or encumbrance to the personal representative, the personal representative's spouse, agent, or attorney, or any corporation or trust in which the personal representative has a substantial beneficial interest, or any transaction that 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

(1) the will or a contract entered into by the decedent expressly authorized the transaction; or
(2) the transaction is approved by the court after notice to interested persons.

AS 13.16.400