Ch. 11. LAWS OF MARYLAND
(f) He may agree to deposit assets of the estate with a
financial institution so that the assets cannot be withdrawn or
transferred [without] WITHOUT:
(1) The written consent of the surety on the bond[,];
or
(2) An order of court.
(s) He may continue an unincorporated business or venture
in which the decedent was engaged at the time of his [death]
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] REPRESENTATIVE, where continuation is a
reasonable means of preserving the value of the business
including goodwill;
(2) In the same business form for an additional
period of time that may be approved by order of [court] COURT, in
a proceeding to which all persons interested in the estate are
parties; or
(3) Throughout the period of [administration]
ADMINISTRATION, if the business is incorporated after the death
of the decedent.
DRAFTER'S NOTE: This corrects the omission of punctuation
and an error in punctuation in § 7-401(f) and (s) of
the Estates and Trusts Article.
The punctuation, colons and commas, was omitted from,
and the error in punctuation, the use of a comma in
the place of a semicolon, occurred in Ch. 11 of the
Acts of 1974.
The omission of the punctuation was noted by the
Computer Division and the professional staff of the
Legislative Division of the Department of Legislative
Reference. The error in punctuation was noted by the
professional staff of the Legislative Division of the
Department of Legislative Reference.
8-108.
(b) The personal representative may pay, at any time, a
just claim which has not been barred, with or without formal
presentation, but he is personally liable to another claimant
whose claim is allowed and who is injured by the payment [if] IF:
(1) The payment was made before the expiration of the
time limit stated in subsection (a) of this section and the
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