(b)Powers and duties of the Agency as conservator or receiver
(1)Rulemaking authority of the agency
The Agency may prescribe such regulations as the Agency determines to be appropriate regarding the conduct of conservatorships or receiverships.
(2)General powers
(A)Successor to regulated entity
The Agency shall, as conservator or receiver, and by operation of law, immediately succeed to—
(i)all rights, titles, powers, and privileges of the regulated entity, and of any stockholder, officer, or director of such regulated entity with respect to the regulated entity and the assets of the regulated entity; and
