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Session Laws, 1974
Volume 713, Page 119   View pdf image
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MARVIN MANDEL, Governor                                   119

FINANCIAL INSTITUTION SO THAT THE ASSETS CANNOT BE
WITHDRAWN OR TRANSFERRED WITHOUT

(1)    THE WRITTEN CONSENT OF THE SURETY ON THE
BOND, OR

(2)   AN ORDER OF COURT,
(G) SATISFY CHARITABLE PLEDGES.

HE MAY SATISFY WRITTEN CHARITABLE PLEDGES OF THE
DECEDENT.

(H) PAY OR COMPROMISE CLAIMS.

HE MAY PAY A VALID CLAIM AS PROVIDED IN THIS ARTICLE
OR EFFECT A FAIR AND REASONABLE COMPROMISE WITH A
CREDITOR OR OBLIGEE, OR EXTEND OR RENEW AN OBLIGATION DUE
BY THE ESTATE.

(I) PAY FUNERAL EXPENSES.

HE MAY PAY THE FUNERAL EXPENSES OF THE DECEDENT IN
ACCORDANCE WITH THE PROCEDURES PROVIDED IN §8-106,
INCLUDING THE COST OF BURIAL SPACE AND A TOMBSTONE OR
MARKER, AND THE COST OF PERPETUAL CARE.

(J) PAY TAXES.

HE MAY PAY TAXES, ASSESSMENTS, AND OTHER EXPENSES
INCIDENT TO THE ADMINISTRATION OF THE ESTATE.

(K) INSURE PROPERTY.

HE MAY INSURE THE PROPERTY OF THE ESTATE AGAINST
DAMAGE, LOSS, AND LIABILITY, AND HIMSELF, AS PERSONAL
REPRESENTATIVE, AGAINST LIABILITY IN RESPECT TO THIRD
PERSONS.

(L) VOTE STOCKS.

HE MAY VOTE STOCKS OR OTHER SECURITIES IN PERSON OR
BY GENERAL OR LIMITED PROXY.

(M) SELL OR EXERCISE STOCK RIGHTS.

HE MAY SELL OR EXERCISE STOCK SUBSCRIPTION,
CONVERSION OR OPTION RIGHTS, CONSENT TO OR OPPOSE,
DIRECTLY OR THROUGH A COMMITTEE OR AGENT, THE
REORGANIZATION, CONSOLIDATION, MERGER, DISSOLUTION, OR
LIQUIDATION OF A CORPORATION OR OTHER BUSINESS
ENTERPRISE.

 

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Session Laws, 1974
Volume 713, Page 119   View pdf image
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