3B:14-36 - Voidable sales, encumbrances or transactions; exceptions - New-jersey Statutes

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3B:14-36. Voidable sales, encumbrances or transactions; exceptions    Any sale or encumbrance to the fiduciary, 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 fiduciary, is voidable by any person interested in the estate except one who has consented after fair disclosure, unless:

    a. The will or a contract entered into by the decedent expressly authorized the transaction; or

    b. The transaction is approved by the court after notice to interested persons.

     L.1981, c. 405, s. 3B:14-36, eff. May 1, 1982.

State Codes and Statutes

Statutes > New-jersey > Title-3b > Section-3b-14 > 3b-14-36

3B:14-36. Voidable sales, encumbrances or transactions; exceptions    Any sale or encumbrance to the fiduciary, 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 fiduciary, is voidable by any person interested in the estate except one who has consented after fair disclosure, unless:

    a. The will or a contract entered into by the decedent expressly authorized the transaction; or

    b. The transaction is approved by the court after notice to interested persons.

     L.1981, c. 405, s. 3B:14-36, eff. May 1, 1982.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-jersey > Title-3b > Section-3b-14 > 3b-14-36

3B:14-36. Voidable sales, encumbrances or transactions; exceptions    Any sale or encumbrance to the fiduciary, 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 fiduciary, is voidable by any person interested in the estate except one who has consented after fair disclosure, unless:

    a. The will or a contract entered into by the decedent expressly authorized the transaction; or

    b. The transaction is approved by the court after notice to interested persons.

     L.1981, c. 405, s. 3B:14-36, eff. May 1, 1982.