Any sale or encumbrance to or purchase from a conservator, the spouse, agent, attorney of a conservator, any person related to the conservator by blood or marriage within the fourth degree, or any corporation, trust, or other organization in which the conservator has a substantial beneficial interest, or any other transaction involving the estate being administered by the conservator which is affected by a substantial conflict between fiduciary and personal interests is voidable unless the transaction is approved by the court after notice as directed by the court.
Ala. Code § 26-2A-150
Sale, Encumbrance, or Transaction Involving Conflict of Interest; Voidable; Exceptions.
Known as the Alabama Uniform Guardianship and Protective Proceedings Act
The act spans §§ 26-2A-1 to 26-2A-9 (83 sections).
(Acts 1987, No. 87-590, p. 975, §2-321.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.