Section 29-3-8-5 - Sale or encumbrance of guardianship property; conflicts of interest(a) Any: (1) sale or encumbrance of any part of the property of a protected person to a guardian or guardian's spouse, agent, attorney, or any corporation, trust, or other organization in which the guardian has a substantial beneficial interest; or(2) other transaction involving the property that is affected by a substantial conflict between the interest of the protected person and the guardian's personal interest; is void unless approved by the court.
(b) Every contract, sale, or conveyance executed by a protected person is void unless the protected person is a minor, in which event the contract, sale, or conveyance is voidable.As added by P.L. 169-1988, SEC.1. Amended by P.L. 238-2005, SEC.15.