South Australian Current Acts South Australian Current Acts90—Court may give permission to postpone realisation or carry on
business
(1) The Court may, if
it considers it beneficial to do so, 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 as the Court from time to time thinks expedient, the
business or affairs of the testator or intestate, and for that purpose to use
the estate of the testator or intestate, or such portion of it as the Court
directs.
(2) An executor,
administrator or trustee acting in accordance with the Court's permission
under this section is not answerable for any consequent loss, except in the
case of breach of trust, negligence or wilful default.
(3) An order under
this section may be made either with or 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.