§ 75-5-504. Voidable transactions.

Latest version.

Any loan, sale, or encumbrance on behalf of a principal with his attorney-in-fact, or with the attorney-in-fact's spouse, agent, or attorney, or any entity or trust in which the attorney-in-fact has a substantial beneficial interest, or any transaction involving the attorney-in-fact 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.

Enacted by Chapter 241, 2003 General Session

                    
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