Idaho Code § 15-3-713

Current through Chapter 330 of the 2024 Regular Legislative Session

Section 15-3-713 - 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 (1) who has consented after fair disclosure, unless:

(a) the will or a contract entered into by the decedent expressly authorized the transaction; or

(b) the transaction is approved by the court after notice to interested persons.

Idaho Code § 15-3-713

[I.C., sec. 15-3-713, as added by 1971, ch. 111, sec. 1, p. 233.]