Colo. Rev. Stat. § 15-14-423

Current through Chapter 52 of 2024 Legislative Session

Section 15-14-423 - Sale, encumbrance, or other transaction involving conflict of interest

Any transaction involving the conservatorship estate that is affected by a substantial conflict between the conservator's fiduciary and personal interests is voidable unless the transaction is expressly authorized by the court after notice to interested persons. A transaction affected by a substantial conflict between personal and fiduciary interests includes any sale, encumbrance, or other transaction involving the conservatorship estate entered into by the conservator, the spouse, descendant, agent, or lawyer of a conservator, or a corporation or other enterprise in which the conservator has a substantial beneficial interest.

C.R.S. § 15-14-423

L. 2000: Entire part R&RE, p. 1823, § 1, effective January 1, 2001 (see § 15-17-103 ).

This section is similar to former § 15-14-422 as it existed prior to 2001.