☰ Revisor of Missouri

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 473

Effective - 28 Aug 1983 bottom

  473.811.  Dealing in good faith for value with independent representative protected — no duty to inquire — liability of independent personal representative. — 1.  A person who in good faith deals with an independent personal representative for value is protected as if the independent personal representative properly exercised his power.  The fact that a person knowingly deals with an independent personal representative does not require the person to inquire into the existence of a power or the propriety of its exercise.

  2.  No conveyance or transfer by the independent personal representative to a bona fide purchaser for a valuable consideration shall be set aside on the ground that the independent personal representative was not acting reasonably for the benefit of interested persons.  Interested persons may recover from the independent personal representative any damages occasioned by failure of the independent personal representative to act reasonably for the benefit of interested persons.

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(L. 1983 H.B. 369)


---- end of effective   28 Aug 1983 ----

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