When someone dies and they had a business partner, the surviving partner gets to keep running the business, pay off what the business owes, and wrap up business matters. The surviving partner has to report to whoever is handling the dead person's estate and hand over any money that belongs to that estate. A court can also step in and order the surviving partner to report directly to the court if needed.
473.223. . — The may continue in of the , pay its debts, and settle its business, shall account to the or of the of the , and shall pay over such balances as from time to time are payable to him. Upon the of the executor or administrator or the whenever it appears necessary may the surviving partner to .
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Source & history notes
(L. 1955 p. 385 § 94, A.L. 1978 H.B. 1634) Effective 1-02-79
Related Missouri laws
Inventory and appraisement
RSMo 473.220
Security
RSMo 473.227
Action on bond generally
RSMo 473.217
Citation of partner
RSMo 473.230
Limitations on suits
RSMo 473.213
Inventory and appraisement
RSMo 473.233
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.