Investment of funds

§ 20–362. Investment of fundsWhere, under the provisions of a will, it is necessary for an executor or an administrator with the will annexed to retain in his hands the personal estate, or a part thereof, after all just claims are discharged, as in a case where money or another thing is directed to be paid at a distant period or upon a contingency, he shall apply to the Probate Court for a decree or directions relating thereto. The court may decree or direct: (1) what part of the personal estate shall be retained or appropriated for the purpose and in what manner it shall be disposed of; . (2) in what manner the legacy or benefit shall be secured to the person entitled thereto at a future period or upon the happening of a contingency; 79 Stat. 711 (3) how the necessary part of the personal estate to be appropriated for the purpose shall be prevented from being unproductive; and (4) how the necessary part of the personal estate to be appropriated for the purpose shall be applied, agreeably to the intent of the will or the construction of law, should the contingency not take place.