Continuing decedent’s business; petition and affidavits; accounting; debts as expenses of administration

§ 20–363. Continuing decedent’s business; petition and affidavits; accounting; debts as expenses of administration (a) The Probate Court may authorize a fiduciary accountable to it to continue a business of the decedent until further order of the court and may order the discontinuance of the business at any time. (b) An order under subsection (a) of this section authorizing the continuance of a business may not be entered until after the fiduciary has filed a petition under oath, supported by the affidavits of two reputable persons familiar with the decedent’s business, setting forth: (1) the appraised value of the business; (2) whether the decedent conducted the business at a profit or loss; and (3) the estimated amount of the monthly expenses necessary to be incurred in order to continue the business. (c) A fiduciary who is given an authorization to conduct the decedent’s business shall file with the Register of Wills monthly statements showing: (1) receipts and disbursements; (2) debts contracted, and obligations incurred; and (3) the profit or loss. (d) Debts contracted and obligations incurred in continuing a business of the decedent constitute an expense of administration of the estate.