Section 475.345

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 475

Effective - 28 Aug 1983   

  475.345.  Transactions of protectees voidable, when. — A sale, exchange, lease, gift, contract, release or other transaction affecting his estate entered into by a protectee at a time when he is a minor or lacks sufficient mental capacity to understand the transaction and its effect upon his estate, rights and future welfare is voidable at the option of the protectee or the conservator of his estate unless entered into with the consent of the conservator in the case of transactions which the conservator could enter into without court authorization under section 475.130 or with the authorization or approval of the court.  The conservator is under a duty to treat as voidable transactions which are voidable at his option and not beneficial to the protectee or his estate.

­­--------

(RSMo 1939 § 485, A.L. 1955 p. 385 § 350, A.L. 1983 S.B. 44 & 45)

Prior revisions: 1929 § 486; 1919 § 482; 1909 § 512