1722                             Laws of Maryland                       Ch. 600

(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
reasonable 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
liquidation of a corporation or other business enterprise;

(I) Pay the decedent's funeral expenses in accordance with the
procedures provided in Section 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 appropriate jurisdiction for the protection of
the estate; provided, however, that (i) no personal representative
may institute an action against a defendant for slander during the
decedent's lifetime against the decedent, and (ii) in any action
instituted by the personal representative against a tort-feasor
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
is a reasonable means of preserving the value of the business includ-
ing good will, (2) in the same business form for any additional
period of time that may be approved by order of court in a proceed-
ing to which all persons interested in the estate are parties, or (3)
throughout the period of administration if the business is incor-
porated after the death of the decedent;