Sale or encumbrance of guardianship property; conflicts of interest
Sec. 5. (a) Any:
(1) sale or encumbrance of any part of the property of a
protected person to a guardian or guardian's spouse, agent,
attorney, or any corporation, trust, or other organization in
which the guardian has a substantial beneficial interest; or
(2) other transaction involving the property that is affected by
a substantial conflict between the interest of the protected
person and the guardian's personal interest;
is void unless approved by the court.
(b) Every contract, sale, or conveyance executed by a protected
person is void unless the protected person is a minor, in which event
the contract, sale, or conveyance is voidable.
As added by P.L.169-1988, SEC.1. Amended by P.L.238-2005,
SEC.15.
Last modified: May 27, 2006