PROBATE AND ADMINISTRATION ACT 1898 - SECT 54 Transferred provision--Court may authorise business of intestate to be carried on

PROBATE AND ADMINISTRATION ACT 1898 - SECT 54

54 Transferred provision--Court may authorise business of intestate to be carried on

(1) Where any person has died intestate, as to any real or personal estate used by the deceased at the time of the deceased's death in any business, trade, or occupation, the Court may authorise the executor or administrator to postpone the realisation of the estate so used, or any part thereof, for such time as the Court thinks fit, and in the meantime to carry on the said business, trade, or occupation, and to use therein such estate or part thereof, subject to such conditions as the Court may think fit to impose.

(2) Subsection (1) re-enacts (with minor modifications) section 5 of the Administration (Validating) Act 1900 and is a transferred provision to which section 30A of the Interpretation Act 1987 applies.