Maryland Financial Institutions Section 9-702
§ 9-702.
  (a)   A conservator shall endeavor to correct the irregularities in the operation of a savings and loan association.
  (b)   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:
    (1)   If authorized by the court, exercise the powers, rights, and privileges of the officers, directors, members, and stockholders of the savings and loan association;
    (2)   Recommend for the court's adoption a plan of reorganization, composition, or rearrangement of business, including its liabilities and capital structure;
    (3)   Remove any director, officer, or employee of the savings and loan association;
    (4)   Borrow from, pledge assets to, and repay a Federal Reserve Bank or other lenders;
    (5)   Make wire transfers;
    (6)   To the extent authorized by law or court order, pay withdrawals of deposits;
    (7)   Pay negotiated order of withdrawal drafts and cashiers checks either directly or repay financial institutions on which the cashiers checks may be drawn;
    (8)   Receive new deposits including direct deposit of United States Treasury, Social Security, and other payments;
    (9)   Pay a Federal Reserve Bank or other bank cash to fund withdrawals;
    (10)   Pay employees and necessary day-to-day operating expenses of the institution;
    (11)   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
    (12)   If authorized by the court, request a stay of proceedings in other courts.