Sec. 45a-328. (Formerly Sec. 45-256). Court may authorize stock and materials to be worked up or business to be continued.
Sec. 45a-328. (Formerly Sec. 45-256). Court may authorize stock and materials to be worked up or business to be continued. Fiduciaries of a decedent's estate
and trustees in insolvency may be authorized by the Court of Probate to work up and
complete any stock and materials in an unfinished state, or to continue any business so
far as may be expedient for the prudent winding up of the same, if the court finds that
it will be for the interest of the estate.
(1949 Rev., S. 7039; P.A. 80-476, S. 305.)
History: P.A. 80-476 rephrased provisions and substituted reference to fiduciaries for reference to executors and administrators; Sec. 45-256 transferred to Sec. 45a-328 in 1991.
Annotations to former section 45-256:
When contract contemplating continuance of business has been executed except for payment, executor may recover
sum owing even though no order of probate court authorized contract. 98 C. 769. But ordinarily no power to carry on
decedent's business except after compliance with provisions of this section. 106 C. 612. Testator's power to authorize
continuance of business. Id. Statute construed. 116 C. 65. Extension by executor of time for payment of mortgage held by
estate is not a continuance of a business. Id. Cited. 120 C. 347; 148 C. 361.