Missouri Laws 475.345 – Transactions of protectees voidable, when
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Terms Used In Missouri Laws 475.345
- conservator: as used in this chapter , includes limited conservator unless otherwise specified or apparent from the context. See Missouri Laws 475.010
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Minor: any person who is under the age of eighteen years. See Missouri Laws 475.010
- Protectee: a person for whose estate a conservator or limited conservator has been appointed or with respect to whose estate a transaction has been authorized by the court under section 475. See Missouri Laws 475.010
A sale, exchange, lease, gift, contract, release or other transaction affecting his estate entered into by a protectee at a time when he is a minor or lacks sufficient mental capacity to understand the transaction and its effect upon his estate, rights and future welfare is voidable at the option of the protectee or the conservator of his estate unless entered into with the consent of the conservator in the case of transactions which the conservator could enter into without court authorization under section 475.130 or with the authorization or approval of the court. The conservator is under a duty to treat as voidable transactions which are voidable at his option and not beneficial to the protectee or his estate.