Before someone can start managing a deceased person's estate, they usually have to get a bond first. A bond is like a financial promise that they will do the job right. The estate pays for it, and a judge or court clerk decides how much it needs to be.
473.157. of — conditions of bond. — 1. Except as provided in section 473.160, every personal representative, before entering upon the duties of his office, shall execute and file a bond, approved by the judge or the , procured at the expense of the , with sufficient , in an amount by the judge or clerk for the protection of .
2. The condition of the bond shall be as follows:
(RSMo 1939 §§ 18, 19, A.L. 1955 p. 385 § 74, A.L. 1980 S.B. 637)
Prior revisions: 1929 §§ 18, 19; 1919 §§ 17, 19; 1909 §§ 25, 26
Effective 1-01-81
Tap any gold-underlined word to see what it means.
Red section numbers link to that law.
Related Missouri laws
Compensation of accountants and attorneys (first class counties and St. Louis City)
RSMo 473.155
Bond not required, when
RSMo 473.160
Compensation of personal representatives, accountants and attorneys
RSMo 473.153
Agreements with surety as to deposit of assets
RSMo 473.163
Remaining executor or administrator to continue
RSMo 473.150
Administrator d.b.n., when appointed
RSMo 473.147
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.