Title 7, Chapter 1, Section 159
The department is authorized, upon taking possession of the business
and property of a financial institution as receiver, to continue or
to suspend the business for such period as it may deem necessary to
enable it to determine whether to surrender such possession to the
financial institution, to authorize a merger or consolidation, to
liquidate the affairs of such financial institution, or to take such
other action as is authorized by law.