Oregon Statutes 114.355 – Sale or encumbrance to personal representative voidable; exceptions
(1) Any sale or encumbrance to the personal representative, the spouse, agent or attorney of the personal representative, or any corporation or trust in which the personal representative has more than a one-third beneficial interest, is voidable unless:
Terms Used In Oregon Statutes 114.355
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Decedent: A deceased person.
- Statute: A law passed by a legislature.
(a) The transaction was consented to by all interested persons affected thereby; or
(b) The will expressly authorizes the transaction by the personal representative; or
(c) The transaction was made in compliance with another statute or with a contract or other instrument executed by the decedent.
(2) The title of a purchaser for value without notice of the circumstances of the transaction with the personal representative is not affected unless the purchaser should have known of the defect in the title of the seller. [1969 c.591 § 132]
[Repealed by 1963 c.287 § 1]