1. (a) Upon the death of an individual licensed under this chapter, the security guard agency with which the decedent was connected may be carried on for a period of ninety (90) days after the individual's death by the following:

   1. (1) In the case of an individual licensee, the surviving spouse, or if there is no surviving spouse, the executor or administrator of the estate of the decedent.
   2. (2) In the case of a partner, the surviving partners.
   3. (3) In the case of an officer of a business entity, the other officers of the business entity.
2. (b) Upon the authorization of the board, a security guard agency may be carried on for a further period of time when necessary to complete an investigation or assist in litigation pending at the death of the decedent.
3. (c) This section does not authorize the solicitation or acceptance of business after the death of an individual except as provided by this chapter.
4. (d) This section may not be construed to restrict the sale of a security guard agency if the vendee qualifies for a license under this chapter.

As added by P.L.185-2007, SEC.27.