14-3713 - Arizona Statutes

14-3713. 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 who has consented after fair disclosure, unless either: 1. The will or a contract entered into by the decedent expressly authorized the transaction. 2. The transaction is approved by the court after notice to interested persons.