South Australian Current Acts

ADMINISTRATION AND PROBATE ACT 1919 - SECT 64

64—Court may give permission to postpone realisation or carry on business

        (1)         The Court may, where it thinks it beneficial so to do, give permission to an executor, administrator, or trustee of a deceased person, or to the Public Trustee—

            (a)         to postpone for such period as the Court thinks expedient the realisation of the estate or trust property:

            (b)         to carry on, for such period or periods as the Court from time to time thinks expedient, the business or affairs of the testator or intestate, and for that purpose to use his estate, or such portion thereof as the Court directs.

        (2)         An executor, administrator, or trustee acting in accordance with permission given under this section shall not be answerable for consequent loss, except in case of breach of trust, negligence, or wilful default.

        (3)         An order under this section may be made either without notice or on such notice as the Court in any case thinks proper, and may be varied from time to time as the Court thinks fit.