C.__If the superintendent or a deputy is appointed receiver, no additional compensation need be paid, but any reasonable and necessary expenses of the superintendent or deputy as receiver must be paid by the credit union.__If another person is appointed, then the compensation of the receiver must be paid from the assets of that credit union.

D.__In the event that the federal agency insuring the credit union's shares or accounts pursuant to section 836 accepts an appointment as receiver, the agency shall acquire both legal and equitable title to all assets, rights or claims and to all real and personal property of the credit union to the extent necessary for the agency to perform its duties as receiver under applicable federal law to effectuate the appointment.__If the agency pays or makes available for payment the insured share liabilities of a credit union by reason of actions taken pursuant to this section, the agency is subrogated to the rights of all the members of the credit union, whether or not it has become receiver of the credit union, in the same manner and to the same extent as it would be subrogated in the receivership of a credit union operating under a federal charter and insured by the agency.

E.__Upon taking possession of the property and business of a credit union under this chapter, the receiver:

(1)__May collect money due to the credit union and do all acts necessary to conserve its assets and business and shall proceed to liquidate its affairs;

(2)__Shall collect all debts due and claims belonging to the credit union and may sell or compound all bad or doubtful debts;

(3)__May sell, for cash or other consideration or as provided by law, all or any part of the real and personal property of the credit union;

(4)__May take, in the name of the credit union, a mortgage on the real property from a bona fide