Montana Code 72-5-434. Transaction involving conflict of interest — voidable — exceptions
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72-5-434. Transaction involving conflict of interest — voidable — exceptions. Any sale or encumbrance to a conservator, to the conservator’s spouse, agent, or attorney, or to any corporation or trust in which the conservator has a substantial beneficial interest or any transaction that is affected by a substantial conflict of interest is voidable unless the transaction is approved by the court after notice to interested persons and others as directed by the court.
Terms Used In Montana Code 72-5-434
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.