75-3-712.   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.

Amended by Chapter 30, 1992 General Session
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Last revised: Thursday, May 28, 2009