A conservator shall endeavor to correct the irregularities in the operation of a savings and loan association. In addition to the powers set forth in this subtitle and the powers granted by order of the court, a conservator may exercise any or all of the following powers: 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.