HB 1342 -- Conservator's Investment in Property

Sponsor:  Portwood

This bill allows a conservator to invest money from an estate in
real or personal property unless the court makes a finding on the
record that the investment is not reasonable and prudent.  The
investment advisor retained by the conservator must acknowledge
in writing that he or she is acting as a fiduciary and the
account will be managed as a fiduciary account.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:10 pm