475.341.  Voidable transactions, exceptions. — 1.  Except when a public administrator is serving as conservator, a sale, encumbrance, or other transaction involving the management of the conservatorship entered into by the conservator for the conservator’s own personal gain or which is otherwise affected by a conflict between the conservator’s fiduciary and personal interests is voidable unless the transaction:

Terms Used In Missouri Laws 475.341

  • conservator: as used in this chapter , includes limited conservator unless otherwise specified or apparent from the context. See Missouri Laws 475.010
  • person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020

 (1)  Was approved by the court;

 (2)  Involves a contract entered into or claim acquired by the conservator before the person became or contemplated becoming conservator;

 (3)  Involves a deposit of estate moneys to a bank operated by the conservator; or

 (4)  Involves an advance by the conservator of moneys for the protection of the estate.

 2.  When a public administrator is serving as conservator, the public administrator shall not enter into a transaction for his or her own personal gain.