HB 1412 -- Conservatorship Pooled Accounts

Sponsor:  Johnson (47)

Under current law, conservators are required to obtain a written
certification that a bank officer or other depositary officer has
viewed securities and other investments held by the conservator
at the bank or other depositary and verified them against the
conservator's filed settlement report.  This bill requires the
Jackson County public administrator, when serving as conservator
and using pooled accounts for conservatorship funds, to have the
pooled accounts audited at least annually by an independent
certified public accountant to be paid for by the county.  When
the accountant's audit report is filed with the court, the
written certification by a depositary officer will not be
required.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am