5.__Powers of superintendent.__The superintendent has the following powers.

A. The superintendent may take any actions necessary to carry out the terms and provisions of this chapter.

B.__All powers conferred under this chapter on the superintendent are in addition to the powers otherwise conferred upon the superintendent by law.

C.__The superintendent may adopt rules for the purpose of carrying out provisions of this chapter. Rules adopted pursuant to this paragraph are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.

6.__Mergers.__The conservator or receiver, with the approval of the superintendent, may order the merger or consolidation of any financial institution that is described in section 363-A or 365 with any other financial institution, state-chartered or federally chartered, with the consent of the other financial institution and may prescribe the mode or procedure for the merger or consolidation and the terms and conditions of the merger or consolidation.

Sec. 7. 9-B MRSA §469 is enacted to read:

§469.__Fundamental change in asset composition

1.__Requirement of prior approval.__A financial institution, without the prior written approval of the superintendent, may not change the composition of all or substantially all of its assets through sales or other dispositions of assets, through purchases or other acquisitions of assets or through other expansions of its operations.

2.__Considerations.__In determining whether to approve the change in the asset composition of a financial institution, the superintendent shall consider the purpose of the proposed transaction, its impact on the safety and soundness of the financial institution and any effect on the customers of the financial institution.__If the superintendent concludes that a