Death of licensee; carrying on of business

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  • (a) Upon the death of an individual or individuals, of whose qualification a license under this chapter has been obtained, the business with which the decedent was connected may be carried on for a period of ninety days by the following:

    • (1) In the case of an individual licensee the surviving spouse, or, if there be none, the executor, or administrator of the estate of the decedent.

    • (2) In case of a partnership, the surviving partners.

    • (3) In case of an officer of a firm, company, association, organization or corporation, the other officers thereof.

  • (b) Upon the authorization of the Commissioner the business may be carried on for a further period of time when necessary to complete any investigation or contract, or assist in any litigation pending at the death of the decedent.

  • (c) Nothing in this section shall be construed to restrict the sale of a business licensed pursuant to this chapter; provided, however, the vendee qualifies for a license under the provisions of this chapter.


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