Sec. 45a-328. (Formerly Sec. 45-256). Court may authorize stock and materials to be worked up or business to be continued. - Connecticut Statutes

      Sec. 45a-328. (Formerly Sec. 45-256). Court may authorize stock and materials to be worked up or business to be continued. Fiduciaries of a decedent's estate and trustees in insolvency may be authorized by the Court of Probate to work up and complete any stock and materials in an unfinished state, or to continue any business so far as may be expedient for the prudent winding up of the same, if the court finds that it will be for the interest of the estate.

      (1949 Rev., S. 7039; P.A. 80-476, S. 305.)

      History: P.A. 80-476 rephrased provisions and substituted reference to fiduciaries for reference to executors and administrators; Sec. 45-256 transferred to Sec. 45a-328 in 1991.

      Annotations to former section 45-256:

      When contract contemplating continuance of business has been executed except for payment, executor may recover sum owing even though no order of probate court authorized contract. 98 C. 769. But ordinarily no power to carry on decedent's business except after compliance with provisions of this section. 106 C. 612. Testator's power to authorize continuance of business. Id. Statute construed. 116 C. 65. Extension by executor of time for payment of mortgage held by estate is not a continuance of a business. Id. Cited. 120 C. 347; 148 C. 361.