Sureties may not require suit against principal in fidelity bond.

Checkout our iOS App for a better way to browser and research.

Effective - 28 Aug 1983

433.040. Sureties may not require suit against principal in fidelity bond. — Sections 433.010 and 433.030 shall not extend to the bond of any personal representative, guardian, conservator, officer or other person given to secure the performance of the duties of his office, trust, place of business, nor to any bond with a collateral condition, except bond with conditions exclusively for the payment of money or the delivery of property, or for the performance of any covenant or agreement for the payment of money or delivery of property.

­­--------

(RSMo 1939 § 3321, A.L. 1983 S.B. 44 & 45)

Prior revisions: 1929 § 2934; 1919 § 12690; 1909 § 11272


Download our app to see the most-to-date content.