UNIFORM PROBATE CODE
PROBATE OF WILLS AND ADMINISTRATION
DUTIES AND POWERS OF PERSONAL REPRESENTATIVES
15-3-713. Sale, encumbrance or transaction involving conflict of interest — Voidable — Exceptions. 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 (1) who has consented after fair disclosure, unless:
(a) the will or a contract entered into by the decedent expressly authorized the transaction; or
(b) the transaction is approved by the court after notice to interested persons.
[I.C., sec. 15-3-713, as added by 1971, ch. 111, sec. 1, p. 233.]