Administrator carrying on intestate’s business
29 Administrator carrying on intestate’s business
Where—
administration of the estate of any intestate has been granted to a trustee company; and
the property or any part of the property of the deceased intestate was at the time of his or her death employed by him or her in any business or undertaking; and
the persons or 1 or more of the persons beneficially entitled to the property so employed are infants or is an infant;
it is lawful for the trustee company with the sanction of the Court and with the consent of and after hearing such other person or persons (if any) as the Court may direct—
to postpone the sale and conversion of the property into money; and
to manage and carry on the business or undertaking with or in connection with such property and for such period during the minority of the infant or infants as the Court may think fit for the benefit of the persons entitled to that property.
The sanction of the Court may be obtained on summons to be served on such persons as the Court or a Judge may direct, and the Court or a Judge may direct the costs of and incidental to the summons to be borne and paid by such persons as may be just.
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