Missouri Proprietary School Bond

A Proprietary School Bond is a type of surety bond required by the Missouri Coordinating Board for Higher Education for those who have applied for a Certificate of Approval to operate a proprietary or private school under the provisions of Sections 173.600 through 173.619, RSMo, in the State of Missouri. This surety bond for the protects the contractual and statutory rights of students, guarantees that the school handles student records properly in the event the school terminates operations, ensures faithful satisfaction of all obligation of trust and service, and protects the People of the State of Missouri from any wrongful act of the bonded proprietary school.