If a surviving business partner mismanages estate property or the court thinks it is best for the estate, a court can require that partner to put up some kind of financial guarantee. This guarantee makes sure the partner handles the business properly and pays the deceased person's estate whatever money it is owed.
473.227. . — If the commits or if it appears to the court that it is for the best interest of the of the , the may the surviving partner to give security for the faithful of the affairs and the payment to the or of any amount due the estate.
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Source & history notes
(L. 1955 p. 385 § 95, A.L. 1978 H.B. 1634) Effective 1-02-79
Related Missouri laws
Citation of partner
RSMo 473.230
Settlement
RSMo 473.223
Inventory and appraisement
RSMo 473.233
Inventory and appraisement
RSMo 473.220
Action on bond generally
RSMo 473.217
Affidavit to inventory
RSMo 473.237
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.