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Current as of January 01, 2023 | Updated by FindLaw Staff
1. Except when a public administrator is serving as conservator, a sale, encumbrance, or other transaction involving the management of the conservatorship entered into by the conservator for the conservator's own personal gain or which is otherwise affected by a conflict between the conservator's fiduciary and personal interests is voidable unless the transaction:
(1) Was approved by the court;
(2) Involves a contract entered into or claim acquired by the conservator before the person became or contemplated becoming conservator;
(3) Involves a deposit of estate moneys to a bank operated by the conservator; or
(4) Involves an advance by the conservator of moneys for the protection of the estate.
2. When a public administrator is serving as conservator, the public administrator shall not enter into a transaction for his or her own personal gain.
Cite this article: FindLaw.com - Missouri Revised Statutes Title XXXI. Trusts and Estates of Decedents and Persons Under Disability § 475.341. Voidable transactions, exceptions - last updated January 01, 2023 | https://codes.findlaw.com/mo/title-xxxi-trusts-and-estates-of-decedents-and-persons-under-disability/mo-rev-st-475-341/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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