Title 475 · MO 475
Untitled section
Citation: Mo. Rev. Stat. § 507.188
Section: 507.188
507.188 . â 6.  A conservator of the estate has power, without authorization or approval of the court, to: â (1)  Settle or compromise a claim against the protectee or the estate agreeing to pay or paying not more than five thousand dollars; â (2)  Settle, abandon, or compromise a claim in favor of the estate that does not exceed five thousand dollars; â (3)  Receive additions to the estate; â (4)  Sell, or agree to sell, chattels and choses in action reasonably worth not more than five thousand dollars for cash or upon terms involving a reasonable extension of credit; â (5)  Exchange, or agree to exchange, chattels and choses in action for other such property of equivalent value, not in excess of five thousand dollars; â (6)  Insure or contract for insurance of property of the estate against fire, theft and other hazards; â (7)  Insure or contract for insurance protecting the protectee against any liability likely to be incurred, including medical and hospital expenses, and protecting the conservator against liability to third parties arising from acts or omissions connected with possession or management of the estate; â (8)  Contract for needed repairs and maintenance of property of the estate; â (9)  Lease land and buildings for terms not exceeding one year, reserving reasonable rent, and renew any such lease for a like term; â (10)  Vote corporate stock in person or by general or limited proxy; â (11)  Contract for the provision of board, lodging, education, medical care, or necessaries of the protectee for periods not exceeding one year, and renew any such contract for a like period; â (12)  Deposit funds in a bank; â (13)  Pay taxes, assessments, and other expenses incurred in the collection, care, administration, and protection of the estate; â (14)  Prosecute or defend actions, claims, or proceedings in any jurisdiction for the protection of estate assets; â (15)  Execute and deliver all instruments that will accomplish or facilitate the exercise of the powers vested in the conservator; and â (16)  On or after August 28, 2009, invest the estate in accordance with the provisions of section