Part III Administration of Assets
39 Powers of management.
1
In dealing with the real and personal estate of the deceased his personal representatives shall, for purposes of administration, or during a minority of any beneficiary or the subsistence of any life interest, or until the period of distribution arrives, have—
i
F3ii
as respects the real estate, all the functions conferred on them by Part I of the Trusts of Land and Appointment of Trustees Act 1996; and
iii
all the powers F4necessary so that every contract entered into by a personal representative shall be binding on and be enforceable against and by the personal representative for the time being of the deceased, and may be carried into effect, or be varied or rescinded by him, and, in the case of a contract entered into by a predecessor, as if it had been entered into by himself.
F51A
Subsection (1) of this section is without prejudice to the powers conferred on personal representatives by the Trustee Act 2000.
2
Nothing in this section shall affect the right of any person to require an assent or conveyance to be made.
3
This section applies whether the testator or intestate died before or after the commencement of this Act.