The conservator may:

1. (1) determine the existence and amount of claims;
2. (2) allow proved claims of security, preference, or priority;
3. (3) disallow unproved claims of security, preference, or priority; and
4. (4) settle or release a claim in favor of or against the credit union.

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