48. In any action instituted under section 29 or section 39, the court may-
(a) on the joint application of the parties to the action, order any matter in dispute between them to be referred for inquiry and decision by one or more arbitrators appointed by the court, or |
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(b) appoint a committee for the purpose of making an inquiry and reporting to the court in regard to the settlement or adjustment of any matter involved in the action or arising in the course thereof, or for the purpose of assisting the court in the exercise of its powers under sections 29, 39 and 47. |
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