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<section article="gfi" article_name="Financial Institutions" number="9-704" title_number="9" title_name="Savings and Loan Associations" subtitle_number="7" subtitle_name="Involuntary Actions -- Conservator; Receivership">
  <level label="a">
    <text>A savings and loan association shall pay the expenses of operation during its conservatorship.</text>
  </level>
  <level label="b">
    <text>Except as provided in subsection (c) of this section, a savings and loan association shall pay its conservator the compensation that the court determines.</text>
  </level>
  <level label="c">
    <text>The Division Director or an examiner from the Division of Savings and Loan Associations may not receive additional compensation as conservator of a savings and loan association.</text>
  </level>
  <level label="d">
    <text>Unless authorized by the court, the conservator of a savings and loan association may not:</text>
    <level label="1">
      <text>Retain special counsel;</text>
    </level>
    <level label="2">
      <text>Incur other than normal operating expenses; or</text>
    </level>
    <level label="3">
      <text>Liquidate any assets except in the normal course of operation.</text>
    </level>
  </level>
</section>
