Sale, encumbrance or transaction involving conflict of

NMSA 1978, § 45-5-422 — under Article 5.

NMSA 1978, § 45-5-422

interest; voidable; exceptions. Any sale or encumbrance to a conservator, his spouse, agent or attorney, or to any corporation or trust in which he has a substantial beneficial interest, or any transaction which 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. History: 1953 Comp., § 32A-5-422, enacted by Laws 1975, ch. 257, § 5-422.