☰ Revisor of Missouri


Chapter 374

< > Effective - 01 Jan 2005, see footnote bottom

  374.719.  Collateral security accepted, when — receipt required — used to reimburse costs, when — records to be retained. — 1.  A licensee may accept collateral security from the principal in a fiduciary capacity, which collateral shall be returned upon final termination of liability on the bond.  When a licensee accepts collateral, the licensee shall provide a prenumbered written receipt, which shall include a detailed account of the collateral received by the licensee.  The acceptance of collateral security by a bail bond agent shall be reported to the general bail bond agent.

  2.  The collateral security required by the licensee shall be reasonable in relation to the amount of the bond.

  3.  If a failure to appear, absconding or attempting to abscond, or a judgment of forfeiture on the bond has occurred, the collateral security may be used to reimburse the licensee for any costs and expenses incurred associated with the forfeiture.

  4.  The general bail bond agent shall retain records of the acceptance, return, or judgment of forfeiture resulting in the use of the collateral to reimburse the licensee for a period of three years.


(L. 2004 S.B. 1122)

Effective 1-01-05

---- end of effective  01 Jan 2005 ----

use this link to bookmark section  374.719

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House

@20:08:51.9 33 :(Δ