§ 9–702

If authorized by the court, exercise the powers, rights, and privileges of the officers, directors, members, and stockholders of the savings and loan association;

Recommend for the court’s adoption a plan of reorganization, composition, or rearrangement of business, including its liabilities and capital structure;

Remove any director, officer, or employee of the savings and loan association;

Borrow from, pledge assets to, and repay a Federal Reserve Bank or other lenders;

Make wire transfers;

To the extent authorized by law or court order, pay withdrawals of deposits;

Pay negotiated order of withdrawal drafts and cashiers checks either directly or repay financial institutions on which the cashiers checks may be drawn;

Receive new deposits including direct deposit of United States Treasury, Social Security, and other payments;

Pay a Federal Reserve Bank or other bank cash to fund withdrawals;

Pay employees and necessary day-to-day operating expenses of the institution;

If authorized by the court, approve, in place of shareholders or members, a merger, conversion, transfer of assets, reorganization, or acquisition of the savings and loan association; and

If authorized by the court, request a stay of proceedings in other courts.