When someone managing a dead person's estate gets a new bond to replace an old one, the people who backed the old bond are no longer responsible for anything that goes wrong after the new bond is filed. The people who backed the old bond are only on the hook for problems that happened before the new bond. The people backing the new bond take over responsibility from that point forward.
473.203. Effect of new . — Any bond given to replace a former bond, when given and approved, discharges the former from any arising from any of the after the of same, and the former sureties are only for misconduct which happened prior to the giving of the new bond. The or shall be required to file an account of his to the date of the new bond. The new bond binds the sureties thereon with respect to of the executor or administrator from the time when the sureties on the original bond are no longer liable therefor, or from such prior time as the court directs.
(RSMo 1939 § 30, A.L. 1955 p. 385 § 88)
Prior revisions: 1929 § 30; 1919 § 29; 1909 § 37
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Related Missouri laws
Letters revoked on failure to give bond
RSMo 473.200
Execution of bond deemed appearance by surety
RSMo 473.207
Court may require, increase or decrease bond, when
RSMo 473.197
Successor may sue on bond
RSMo 473.210
Inquiry into condition of sureties
RSMo 473.193
Limitations on suits
RSMo 473.213
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.