S.C. Code § 62-3-713

Current through 2024 Act No. 120.

Section 62-3-713 - 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:

(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.

S.C. Code § 62-3-713

Amended by 2013 S.C. Acts, Act No. 100 (SB 143), s 1, eff. 1/1/2014.

1986 Act No. 539, Section 1.