Continuing business of decedent; exception; prohibition on separate compensation for continuing business.

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1. Except as otherwise provided in NRS 143.520, after notice given as provided in NRS 155.010 or in such other manner as the court directs, the court may authorize the personal representative to continue the operation of the decedent’s business to such an extent and subject to such restrictions as may seem to the court to be for the best interest of the estate and any interested persons.

2. The provisions of subsection 1 do not apply to passive investments or the exercise of any shareholder or membership rights to which the personal representative has succeeded.

3. Unless specifically authorized by the will or by the court, the personal representative may not receive any separate compensation for continuing the operation of the decedent’s business pursuant to this section.

[Part 195:107:1941; 1931 NCL § 9882.195] — (NRS A 1975, 1766; 1999, 2292; 2011, 1454; 2017, 1678)


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