(755 ILCS 5/19-6) (from Ch. 110 1/2, par. 19-6)
Sec. 19-6.
Operating business of decedent.) (a) Except as otherwise directed
by the decedent in his will or except as otherwise provided by law, a representative
has authority, for the preservation and settlement of the estate of a decedent,
to continue
the decedent's unincorporated business during one month next following the
date of issuance
of his letters unless the court directs otherwise, and for such further
time as the court
from time to time may authorize, without personal liability except for malfeasance or
misfeasance for losses incurred. The court may order such notice of the
time and place of
the hearing on the petition to be given to any interested persons as it
deems expedient or
the court may hear the petition without notice. Obligations incurred or
contracts entered
into are entitled to priority of payment out of the assets of the business, but, without
approval of the court first obtained, do not involve the estate beyond these assets.
(b) During the time the business is so conducted, unless otherwise ordered by the
court, the representative shall file monthly reports in the court, setting
forth the receipts
and disbursements of the business for the preceding month and such other
pertinent information
as the court may require.
(Source: P.A. 79-328.)
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