Oklahoma § 58-263 - Conducting going business

§ 58-263. Conducting going business

The executor or administrator shall have the power, where

authorized by order of the district court, to take charge of,

conduct and continue any going business, enterprise or manufactory

of a deceased person, when the same has not been disposed of by

will, and where it is not necessary that the same be sold at once

for the payment of debts; and shall have the right to borrow money

and incur indebtedness in the conduct, or continuation of such

business. Before such business, manufactory or enterprise shall be

continued, the executor or administrator shall take into

consideration the condition of the estate and the necessity that may

exist for the future sale of said property for the payment of claims

or legacies; and the time for conducting such enterprise, business

or manufactory shall not extend the time beyond what may be

considered by the court a reasonable time for the settlement of the

estate of the deceased; provided, however, that before any executor

or administrator shall continue such enterprise, business or

manufactory, or incur any indebtedness in the conduct of such

enterprise, business or manufactory, he shall first present to the

district court a petition showing that it is to the best interest of

the estate of the decedent that such enterprise, business or

manufactory be continued, and the continuation of such business,

enterprise or manufactory must first be approved by the judge of the

district court having jurisdiction of the settlement of the estate

of the deceased.

Laws 1921, c. 54, p. 74, § 1.