(a) Whenever a receiver is appointed for a state bank by the Bank Commissioner, such receiver shall, pursuant to the instructions of the commissioner and to the orders of the court having jurisdiction, proceed to:

1. (1) Close such accounts as can be closed promptly; and
2. (2) Transfer all other accounts to substitute fiduciaries.

(b) Whenever a state bank exercising fiduciary powers is placed in voluntary liquidation, the liquidating agent shall, in accordance with the local law, proceed at once to liquidate the affairs of the trust department as follows:

1. (1) All trust and estates over which a court is exercising jurisdiction shall be closed or disposed of as soon as practical in accordance with the orders or instructions of such court; and
2. (2) All other accounts that can be closed promptly shall be closed as soon as practicable and final accounting made therefore, and all remaining accounts shall be transferred by appropriate legal proceedings to substitute fiduciaries.