114                             LAWS OF MARYLAND                         [CH. 4

(4)    retain assets owned by the minor or disabled person, or
otherwise coming into the hands of the guardian, pending distribu-
tion or liquidation, including those in which the guardian is person-
ally interested or which are otherwise improper for trust investment;

(5)    receive assets from fiduciaries or other sources;

(6)    perform the contracts of the disabled person that continue
as obligations of the estate. In performing an enforceable contract
to convey or lease land the guardian may execute and deliver a deed
of conveyance for cash payment of all sums remaining due, or for the
purchaser's note for the sum remaining due secured by a mortgage
or deed of trust on the land, as the contract may provide;

(7)    satisfy written charitable pledges of the disabled person;

(8)    deposit funds for the account of the estate in checking ac-
counts, in insured interest-bearing accounts, or in short-term loan
arrangements;

(9)    vote stocks or other securities in person or by general or lim-
ited proxy, or enter into or participate in a voting trust or share-
holders' agreement;

(10)    hold a security in the name of a nominee or in other form
without disclosure of the interest of the estate but the guardian shall
be liable for any act of the nominee in connection with the security
so held;

(11)    insure the property of the estate against damage, loss and
liability, and himself, as guardian against liability in respect to
third persons;

(12)    pay taxes, assessments and other expenses incident to the
administration of the estate;

(18) sell or exercise stock subscription, conversion or option
rights; consent to or oppose,, directly or through a committee or
other agent, the reorganization, consolidation, merger, dissolution or
liquidation of a corporation or other business enterprise;

(14)    employ for reasonable compensation agents, attorneys,
auditors, investment advisors or other persons with special skills, to
advise or assist the guardian in the performance of his administra-
tive duties;

(15)    prosecute, defend, or submit to arbitration any actions,
claims, or proceedings in any jurisdiction for the protection of the
estate;

(16)    continue as or become a limited partner in any partnership;

(17)    incorporate any business or venture in which the minor or
disabled person was engaged;

(18)    exercise any options, rights and privileges contained in any
life insurance policy, annuity, or endowment contract constituting
property of the estate, including the right to obtain the cash sur-