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A.R.S. § 14-3713

Sale, encumbrance or transaction involving conflict of interest; voidable; exceptions

Applied in 1 court decision — leading case Matter of Estate of Stephens (1978)

Most recently applied in Matter of Estate of Stephens (January 1978)

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 either:

1. The will or a contract entered into by the decedent expressly authorized the transaction.

2. The transaction is approved by the court after notice to interested persons.

Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.