83Court may authorize postponement of realization and carrying

83 Court may authorize postponement of realization and carrying on of business (1) The Court may, where it thinks it beneficial so to do and subject to such conditions as it thinks fit to impose, authorize an executor or administrator: (a) to postpone, for such period as the Court thinks fit, the realization of the real or personal estate of a deceased person, or any part of that estate; or (b) to carry on, for such period or periods as the Court from time to time thinks fit, the business, trade or occupation of the deceased person, and for that purpose to use therein such estate or part thereof. (2) An order under this section may be made either ex parte or on such notice as the Court in any case thinks proper, and may be varied from time to time as the Court thinks fit. (3) If an executor or administrator has, prior to the commencement of this Act, postponed the realization of the estate of a deceased person, or any part of that estate, or carried on the business, trade or occupation of the deceased person, the Court may, in its discretion, approve of any such postponement or carrying on of the Administration and Probate Act 1969 40 business, trade or occupation, and the approval shall operate and take effect as if this section had been in force when such postponement or carrying on of the business, trade or occupation occurred and the approval had been obtained prior thereto.