§ 702 — Limited and restrictive letters Letters may be granted limiting and restricting the powers and rights of the holder thereof: 1

§ 702. Limited and restrictive letters\n Letters may be granted limiting and restricting the powers and rights\nof the holder thereof:\n 1. To the enforcement or prosecution of a cause of action in favor of\nthe decedent or his fiduciary under general or special provisions of\nlaw, to the defense of any claim or cause of action against a decedent\nor his fiduciary, and restraining the fiduciary from compromise of the\naction or the enforcement of a judgment recovered therein until the\nfurther order of the court and the filing of satisfactory security if\nrequired.\n 2. Where it is impracticable to give a bond in the full amount\nrequired by statute, to receiving and administering only the property\nwhich the court may specify, and restraining him from receiving or\nadministering other property until further order of the court.\n 3. To the adjustment, settlement, satisfaction or discharge of any\nclaim in favor of or against the decedent or his fiduciary.\n 4. To the performance of any act required in order to discharge the\nestate of a decedent from liability.\n 5. To an account in behalf of the decedent for the performance by him\nof any trust or other responsibility.\n 6. To the completion of any transfer made by a decedent or his\nfiduciary and to the execution of any instruments confirming any\ntransfer so made.\n 7. To the appearance in and conduct of an action in which a decedent\nor his fiduciary is a necessary or proper party.\n 8. In the discretion of the court, to represent the estate in a\ntransaction in which the acting fiduciary could not or should not act in\nhis or her fiduciary capacity because of conflict of interest.\n 9. To commence and maintain any action or proceeding against the\nfiduciary, in his or her individual capacity, or against anyone else\nagainst whom the fiduciary fails or refuses to bring such a proceeding.\n 10. To any other purpose or act deemed by the court to be appropriate\nor necessary in respect of the affairs of the estate, the protection\nthereof or to the proper administration thereof.\n In any case where limited and restrictive letters are granted the\ncourt may reduce the amount of security otherwise required or dispense\ntherewith according to the circumstances.\n Any letters may contain appropriate recitals restraining the holder\nfrom doing any such acts or exercising any such powers as may be\nspecified therein until the further order of the court and upon the\nfiling, if ordered, of satisfactory security. The issuance of limited or\nrestrictive letters under this section may be in addition to the\nissuance of general letters or other, limited or restrictive letters.\n