Marvin Mandel, Governor                        1049

sonally interested or which are otherwise improper for trust
investment;

(b)    Receive assets from fiduciaries or other sources;

(c)    Perform the decedent's contracts that continue as obliga-
tions of the estate, and execute and deliver such deeds or other
documents under such circumstances as the contract may provide;

(d)    Satisfy written charitable pledges of the decedent;

(e)    Deposit funds for the account of the estate, including moneys
received from the sale of other assets, in insured interest-bearing
accounts or in such short-term loan arrangements as may be reason-
able for use by trustees;

(f)    Vote stocks or other securities in person or by general or
limited proxy;

(g)    Hold a security in the name of a nominee or in other form
without disclosure of the interest of the estate; but, in such case,
the personal representative shall be liable for any wrongful act of
the nominee in connection with the security so held;

(h) Insure the property of the estate against damage, loss and
liability, and himself, as personal representative, against liability
in respect to third persons;

(i) Effect a fair and reasonable compromise with any creditor
or obligee, or extend or renew any obligation due by the estate;

(j) Pay taxes, assessments and other expenses incident to the
administration of the estate;

(k) 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 liq-
uidation of a corporation or other business enterprise;

(1) Pay the decedent's funeral expenses in accordance with the
procedures provided in Sec. 8-106, including the cost of burial space
and a suitable tombstone or marker, and the cost of perpetual care
thereof;

(m) Employ for reasonable compensation auditors, investment
advisors or other persons with special skills, to advise or assist the
personal representative in the performance of his administrative
duties;

(n) Prosecute, defend or submit to arbitration actions, claims,
or proceedings in any jurisdiction for the protection of the estate;
provided, however, that (i) no personal representative may institute
an action for slander against the decedent, and (ii) in any action
instituted by the personal representative against a tortfeasor for a
wrong which resulted in the death of the decedent, the personal
representative shall be entitled to recover the funeral expenses of
the decedent not in excess of [$1,000] $2,000 in addition to any
other damages recoverable in such action ;

(o) Continue any unincorporated business or venture in which
the decedent was engaged at the time of his death (1) in the same
business form for a period of not more than four months from the
date of appointment of a personal representative where continuation