1-A. Appointment of receiver. If, upon examination of a financial institution, the superintendent is of the opinion that it is insolvent or that its condition renders its further proceedings hazardous to the public or to those having funds including trust assets in its custody, the superintendent may order the institution closed and appoint a receiver who shall proceed to close liquidate the financial institution.

Sec. 5. 9-B MRSA §365, sub-§11 is enacted to read:

11.__Immunity from civil liability.__A person serving as a receiver is immune from any civil liability, in the same manner as and to the same extent as employees of governmental entities are under the Maine Tort Claims Act, for acts performed within the scope of the receiver's duties.

Sec. 6. 9-B MRSA §367-A is enacted to read:

§367-A.__Additional authority in conservation and liquidation

1.__Attachments and preferences.__The superintendent or a conservator or receiver may bring an action:

A.__To dissolve all attachments on the property of a financial institution made within 4 months before the appointment made under section 363-A or 365;

B.__To void as a preference any transfer made after, or in contemplation of, the appointment__under section 363-A or 365; and

C.__To discontinue all actions pending against the financial institution.

2.__Injunctions.__Whenever proceedings are instituted under this chapter, the Superior Court may issue an injunction restraining all persons from proceeding against the financial institution described in section 363-A or 365 until termination of conservatorship or final liquidation, including trustee processes.

3.__Other authority.__The superintendent, conservator or receiver may disaffirm or repudiate any contract or lease to which the financial institution is a party, fix the rights of the claimants and adjudicate and fix the time and mode of payment of all claims, accounts and deposits having priority.