HRS §560:5-423
Conflict-of-interest transactions by a conservator
This section covers deals a conservator makes with the estate that involve a big conflict between their own interests and their duty to the person they manage money for. Such deals can be canceled unless a court approved them first after telling interested people. It lists who counts as having a conflict.
courtsguardians
The statute, as written — Sale, encumbrance, or other transaction involving conflict of interest
Any transaction involving the conservatorship estate that is affected by a substantial conflict between the conservator's fiduciary and personal interests is voidable unless the transaction is expressly authorized by the court after notice to interested persons. A transaction affected by a substantial conflict between personal and fiduciary interests includes any sale, encumbrance, or other transaction involving the conservatorship estate entered into by the conservator, the spouse or reciprocal beneficiary, descendant, agent, or lawyer of a conservator, or a corporation or other enterprise in which the conservator has a substantial beneficial interest.
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