Except where circumstances justify a longer period, an executor or administrator shall have 1 year from the date of letters for settling the estate of the decedent; and until the expiration of that time, the executor or administrator shall not be required to make distribution, nor be chargeable with interest upon the assets in the executor’s or administrator’s hands; but if any part of the estate carry interest or be productive the executor or administrator shall account for the interest or produce.

Code 1852, § ?1844; Code 1915, § ?3387; Code 1935, § ?3852; 12 Del. C. 1953, § ?2311; 59 Del. Laws, c. 384, § ?1; 70 Del Laws, c. 186,, § ?1;