(1) The pendency of a proceeding for supervised administration of a decedent's estate stays action on any informal application then pending or thereafter filed.
If a will has been previously probated in informal proceedings, the effect of the filingof a petition for supervised administration is as provided for formal testacy proceedings by section 15-12-401.
After he has received notice of the filing of a petition for supervised administration, apersonal representative who has been appointed previously shall not exercise his power to distribute any estate. The filing of the petition does not affect his other powers and duties unless the court restricts the exercise of any of them pending full hearing on the petition.
Source: L. 73: R&RE, p. 1579, § 1. C.R.S. 1963: § 153-3-503.