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MO SB495
Bill
Status
2/24/2015
Primary Sponsor
Daniel Hegeman
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AI Summary
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Candidates for public administrator must provide the election authority a signed affidavit from two or more securities confirming they meet the bond requirements for the office
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Public administrators must enter into a bond of at least $10,000 with two or more securities approved by the court before taking office
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The bond and oath of office must be completed on or before January 1 following the election
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Courts may require additional security from public administrators based on annual sworn statements of property under their control, and may remove administrators who fail to provide additional security within 20 days of demand
Legislative Description
Requires candidates for public administrator to provide an affidavit stating that the candidate meets the bonding requirements
Last Action
Hearing Conducted S Financial and Governmental Organizations and Elections Committee
3/30/2015