Section 151. Rights of bankruptcy trustee. –

For the purpose of performing his functions under this Chapter, the bankruptcy trustee may, by his official name –

• (a) hold property of every description;
• (b) make contracts;
• (c) sue and be sued;
• (d) enter into engagements in respect of the estate of the bankrupt;
• (e) employ persons to assist him;
• (f) execute any power of attorney, deed or other instrument; and
• (g) do any other act which is necessary or expedient for the purposes of or in connection with the exercise of his rights.