N.M. Stat. § 45-5-422

Current through 2024, ch. 69

Section 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.

NMS § 45-5-422

1953 Comp., § 32A-5-422, enacted by Laws 1975, ch. 257, § 5-422.