Section 2. In exercising the powers conferred by this act, the courts shall have the discretion of a chancellor sitting in equity. It shall be a sufficient reason for the grant of a stay that the proceeding would work serious inequity by reason of the economic emergency, and the right to stays on writs of execution under existing laws.
Section 2
Act 201 of 1935, § 2, under FIDUCIARIES, STAY OF SUITS AGAINST.
Act 201 of 1935, § 2