(1) Any sale or encumbrance to the personal representative, the spouse, agent or attorney of the personal representative, or any corporation or trust in which the personal representative has more than a one-third beneficial interest, is voidable unless:
(a) The transaction was consented to by all interested persons affected thereby; or
(b) The will expressly authorizes the transaction by the personal representative; or
(c) The transaction was made in compliance with another statute or with a contract or other instrument executed by the decedent.
(2) The title of a purchaser for value without notice of the circumstances of the transaction with the personal representative is not affected unless the purchaser should have known of the defect in the title of the seller. [1969 c.591 §132]
Section: Previous 114.325 114.330 114.333 114.335 114.340 114.345 114.350 114.355 114.360 114.365 114.370 114.375 114.385 114.395 114.405 NextLast modified: August 7, 2008