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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 14: Survivorship and succession among cofiduciaries; duties and powers
Section: 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.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 3b:14-36 (if available):
Court decisions that cite this statute:
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