Neb. Rev. Stat. §§ 30-2474

Current with changes through the 2024 First Special Legislative Session

Section 30-2474 - 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.

Neb. Rev. Stat. §§ 30-2474

Laws 1974, LB 354, § 152, UPC § 3-713.