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
Sale, encumbrance, or transaction involving conflict of interest; voidable; exceptions
Applied in 2 court decisions — leading case In Re Estate of Kennedy (1985)
Most recently applied in 1 Neb. Ct. App. 398 - In Re Estate of Krichau (December 1992)
Laws 1974, LB 354, § 152, UPC § 3-713.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.