MARVIN MANDEL, Governor                                   121

(3) THROUGHOUT THE PERIOD OF ADMINISTRATION
IF THE BUSINESS IS INCORPORATED AFTER THE DEATH OF THE
DECEDENT.

(T) INCORPORATE A BUSINESS.

HE MAY INCORPORATE A BUSINESS OR VENTURE IN WHICH
THE DECEDENT WAS ENGAGES AT THE TIME OF HIS DEATH IF NONE
OF THE PROBABLE DISTRIBUTEES OF THE BUSINESS WHO ARE
COMPETENT ADULTS OBJECTS TO ITS INCORPORATION AND
RETENTION IN THE ESTATE.

(U) PERFORM CONTRACTS.

HE MAY PERFORM THE CONTRACTS OF THE DECEDENT THAT
CONTINUE AS OBLIGATIONS OF THE ESTATE, AND EXECUTE AND
DELIVER DEEDS OR OTHER DOCUMENTS UNDER CIRCUMSTANCES AS
THE CONTRACT MAY PROVIDE.

(V) EXERCISE OPTIONS IN LIFE INSURANCE POLICY.

HE MAY EXERCISE OPTIONS, RIGHTS, AND PRIVILEGES
CONTAINED IN A LIFE INSURANCE POLICY, ANNUITY, OR
ENDOWMENT CONTRACT CONSTITUTING PROPERTY OF THE ESTATE,
INCLUDING THE RIGHT TO OBTAIN THE CASH SURRENDER VALUE,
CONVERT THE POLICY TO ANOTHER TYPE OF POLICY, REVOKE A
MODE OF SETTLEMENT, AND PAY A PART OR ALL OF THE PREMIUMS
ON THE POLICY OR CONTRACT.

(W) EMPLOY SPECIALISTS.

HE MAY EMPLOY, FOR REASONABLE COMPENSATION AUDITORS,
INVESTMENT ADVISORS, OR PERSONS WITH SPECIAL SKILLS, TO
ADVISE OR ASSIST HIM IN THE PERFORMANCE OF HIS
ADMINISTRATION DUTIES.

(X) PROSECUTE OR DEFEND LITIGATION.

HE MAY PROSECUTE, DEFEND, OR SUBMIT TO ARBITRATION
ACTIONS, CLAIMS, OR PROCEEDINGS IN ANY APPROPRIATE
JURISDICTION FOR THE PROTECTION OR BENEFIT OF THE ESTATE,
INCLUDING THE COMMENCEMENT OF A PERSONAL ACTION WHICH THE
DECEDENT MIGHT HAVE COMMENCED OR PROSECUTED, EXCEPT THAT:

(1)    A PERSONAL REPRESENTATIVE MAY NOT
INSTITUTE AN ACTION AGAINST A DEFENDANT FOR SLANDER
AGAINST THE DECEDENT DURING THE LIFETIME OF THE DECEDENT.

(2)   IN AN ACTION INSTITUTED BY THE PERSONAL
REPRESENTATIVE AGAINST A TORTFEASOR FOR A WRONG WHICH
RESULTED IN THE DEATH OF THE DECEDENT, THE PERSONAL
REPRESENTATIVE MAY RECOVER THE FUNERAL EXPENSES OF THE
DECEDENT UP TO $2,000 IN ADDITION TO OTHER DAMAGES
RECOVERABLE IN THE ACTION.