475.341 Voidable transactions, exceptions.

475.341. Voidable transactions, exceptions. — 1. Except when a public administrator is serving as conservator, a sale, encumbrance, or other transaction involving the management of the conservatorship entered into by the conservator for the conservator's own personal gain or which is otherwise affected by a conflict between the conservator's fiduciary and personal interests is voidable unless the transaction: (1) Was approved by the court; (2) Involves a contract entered into or claim acquired by the conservator before the person became or contemplated becoming conservator; (3) Involves a deposit of estate moneys to a bank operated by the conservator; or (4) Involves an advance by the conservator of moneys for the protection of the estate. 2. When a public administrator is serving as conservator, the public administrator shall not enter into a transaction for his or her own personal gain. (L. 2018 S.B. 806)