Section 10534 Of Article 3. Powers The Exercise Of Which Requires Giving Of Notice Of Proposed Action Under Some Circumstances From California Probate Code >> Division 7. >> Part 6. >> Chapter 3. >> Article 3.
10534
. (a) Subject to the partnership agreement and the provisions
of the Uniform Partnership Act of 1994 (Chapter 5 (commencing with
Section 16100) of Title 2 of the Corporations Code), the personal
representative has the power to continue as a general partner in any
partnership in which the decedent was a general partner at the time
of death.
(b) The personal representative has the power to continue
operation of any of the following:
(1) An unincorporated business or venture in which the decedent
was engaged at the time of the decedent's death.
(2) An unincorporated business or venture which was wholly or
partly owned by the decedent at the time of the decedent's death.
(c) Except as provided in subdivision (d), the personal
representative may exercise the powers described in subdivisions (a)
and (b) without giving notice of proposed action under Chapter 4
(commencing with Section 10580).
(d) The personal representative shall comply with the requirements
of Chapter 4 (commencing with Section 10580) if the personal
representative continues as a general partner under subdivision (a),
or continues the operation of any unincorporated business or venture
under subdivision (b), for a period of more than six months from the
date letters are first issued to a personal representative.