The conservator may:

1. (1) take possession and control of the books, records, property, assets, and business of the credit union;
2. (2) conduct the business and affairs of the credit union;
3. (3) sell or assign assets to the conservator; and
4. (4) perform any other action as necessary in connection with the conservatorship.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.