If a person who is under 18 or does not have the mental ability to understand what they are agreeing to makes a deal — like selling, giving away, or signing a contract for something they own — that deal can be canceled. It can be canceled by the person themselves or by the conservator (the person legally in charge of their money and property), unless the conservator already approved the deal or a court allowed it. The conservator has a responsibility to cancel deals that are not good for the person or their property.
475.345. s of s , when. — A sale, exchange, , gift, contract, or other transaction affecting his entered into by a protectee at a time when he is a or lacks sufficient to understand the transaction and its effect upon his estate, rights and future welfare is voidable at the of the protectee or the of his estate unless entered into with the of the conservator in the case of transactions which the conservator could enter into without under section 475.130 or with the 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
Tap any gold-underlined word to see what it means.
Red section numbers link to that law.
Related Missouri laws
Personal financial resources, guardian not obligated to use
RSMo 475.343
Estate property, conservator's duties
RSMo 475.342
Voidable transactions, exceptions
RSMo 475.341
Incapacitated public officer, proceedings
RSMo 475.350
Mortgage or sale of real estate of ward by nonresident conservator
RSMo 475.340
Nonresident domiciliary guardian or conservator
RSMo 475.339
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.