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Assignees may institute or defend suits, and compound for debts or submit disputes to arbitration. 279. The assignees, ..., may commence, prosecute, or defend any suit which the bankrupt ... might have commenced and prosecuted or defended, and in such case the costs to which they may be put shall be allowed out of the estate; and, ..., the assignees may take such reasonable part of any debts due to the bankrupt's ... estate as may by composition be gotten or may give time, or take security for the payment of such debts, and may submit to arbitration any difference or dispute between the assignees and any other person for or on account or by reason of anything relating to the estate and effects of the bankrupt ....
© 1857 Crown Copyright
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