§ 166. Powers of trustees. The said trustees shall have power:\n 1. To sue in their own names or otherwise, and recover all the estate,\ndebts and things in action, belonging or due to such debtor, in the same\nmanner and with the like effect as such debtor might or could have done\nif no trustees had been appointed, and no set-off shall be allowed in\nany such suit, for any debt, unless it was owing to such creditor, by\nsuch debtor, before presenting the petition of the insolvent under said\narticles. But no suit in equity shall be brought by assignees of\ninsolvents under the third or fourth articles, without the consent of\nthe creditors having a major part of the debts which shall have been\nexhibited and allowed, unless the sum in controversy exceeds five\nhundred dollars;\n 2. T
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§ 166. Powers of trustees. The said trustees shall have power:\n 1. To sue in their own names or otherwise, and recover all the estate,\ndebts and things in action, belonging or due to such debtor, in the same\nmanner and with the like effect as such debtor might or could have done\nif no trustees had been appointed, and no set-off shall be allowed in\nany such suit, for any debt, unless it was owing to such creditor, by\nsuch debtor, before presenting the petition of the insolvent under said\narticles. But no suit in equity shall be brought by assignees of\ninsolvents under the third or fourth articles, without the consent of\nthe creditors having a major part of the debts which shall have been\nexhibited and allowed, unless the sum in controversy exceeds five\nhundred dollars;\n 2. To take into their hands, all the estate of such debtor, whether\ndelivered to them, or afterwards discovered; and all books, vouchers and\nsecurities relating to the same;\n 3. From time to time, to sell at public auction, all the estate, real\nand personal, vested in them, which shall come to their hands, after\ngiving at least fourteen days' public notice of the time and place of\nsale, and also publishing the same for two weeks in a newspaper, printed\nin the county, where the sale shall be made, if there be one;\n 4. To allow such credit on the sale of real property by them, as they\nshall deem reasonable, not exceeding eighteen months, for not more than\nthree-fourths of the purchase money; which credit shall be secured by a\nbond or note of the purchaser, and a mortgage on the property sold;\n 5. On such sales, to execute the necessary conveyances and bills of\nsale;\n 6. To redeem all real or personal property subject to a security\ninterest or mortgage, and to satisfy any judgments which may be an\nincumbrance on any property so sold by them; or to sell such property\nsubject to such mortgages, security interests or judgments;\n 7. To settle all matters and accounts between such debtor, and his\ndebtors, or creditors, and to examine any person touching such matters\nand accounts, on oath, to be administered by either of them;\n 8. Under the order of the court appointing them, to compound with any\nperson indebted to such debtor, and thereupon to discharge all demands\nagainst such person.\n