D.__In the event that the federal corporation insuring the |
financial institution's deposits or accounts pursuant to |
section 422 accepts an appointment as__conservator, the |
corporation acquires both legal and equitable title to all |
assets, rights or claims and to all real or personal |
property of the financial institution to the extent |
necessary for the corporation to perform its duties as |
conservator or as may be necessary under applicable federal |
law to effectuate the appointment.__If the corporation pays |
or makes available for payment the insured deposit |
liabilities of a financial institution by reason of actions |
taken pursuant to this section, the corporation becomes |
subrogated to the rights of all the depositors of the |
financial institution, whether or not it has become |
conservator of the financial institution, in the same manner |
and to the same extent as it would be subrogated in the |
conservation of a financial institution operating under a |
federal charter and insured by the corporation. |