2005 Missouri Revised Statutes - § 473.157. — Bond of personal representative--conditions of bond.

473.157. 1. Except as provided in section 473.160, every personal representative, before entering upon the duties of his office, shall execute and file a bond, approved by the judge or the clerk, procured at the expense of the estate, with sufficient security, in an amount fixed by the judge or clerk for the protection of interested parties.

2. The condition of the bond shall be as follows: "The condition of the bond is that if ............ personal representative of the estate of ............, deceased, shall faithfully administer said estate, account for, pay and deliver all money and property of said estate and perform all other things touching said administration required by law, or the order or decree of any court having jurisdiction, then the above bond to be void; otherwise to remain in full force."

(RSMo 1939 18, 19, A.L. 1955 p. 385 74, A.L. 1980 S.B. 637)

Prior revisions: 1929 18, 19; 1919 17, 19; 1909 25, 26

Effective 1-1-81

(1962) Administrator and attorneys were not entitled to fees where estate was grossly mismanaged, assets permitted to be wasted, proper accounts and records were not kept and acts amounted to breach of trust. In re Alexander's Estate (Mo.), 360 S.W.2d 92.

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