The person in charge of a deceased person's estate (called an executor or administrator) is not allowed to buy any property from that estate — whether sold publicly or privately — unless the people who are set to inherit from the estate give their written permission first.
473.477. or not to purchase, . — No executor or administrator shall purchase any property belonging to the which is sold either at public or , unless written is filed by the .
(RSMo 1939 § 161, A.L. 1955 p. 385 § 174)
Prior revisions: 1929 § 162; 1919 § 161; 1909 § 170
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Related Missouri laws
Validity of proceedings
RSMo 473.480
Terms of sale
RSMo 473.473
Sales of perishable property
RSMo 473.483
Heirs may give bond and prevent sale
RSMo 473.470
Reservation of property under direction of will
RSMo 473.467
Sale, mortgage or lease of personal property
RSMo 473.487
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.