A person in charge of a deceased person's estate (the executor or administrator) can make a deal with their guarantor to keep the estate's money and property locked up at a bank or other approved place. The money cannot be taken out unless the guarantor agrees in writing or a judge gives permission.
473.163. Agreements with as to of . — It is lawful for the or to agree with his surety for the deposit of any or all moneys and other assets of the with a bank, safe deposit or , by law to do business as such, or other approved by the court, if such deposit is otherwise proper, in such manner as to prevent the withdrawal of the moneys or other assets without the written of the surety, or on of the court made on such notice to the surety as the court may direct.
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Source & history notes
(L. 1955 p. 385 § 76)
Related Missouri laws
Bond not required, when
RSMo 473.160
Execution of bond
RSMo 473.167
Bond of personal representative
RSMo 473.157
Obligees of bond
RSMo 473.170
Compensation of accountants and attorneys (first class counties and St. Louis City)
RSMo 473.155
Compensation of personal representatives, accountants and attorneys
RSMo 473.153
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.