11 U.S.C. § 783 — Additional powers of trustee

(a) Distribution of property not of the estate. The trustee may distribute property that is not property of the estate, including customer distributions required by subchapters III and IV of this chapter.

(b) Disposition of institution. After notice and a hearing, the trustee may: (1) sell the clearing bank^* to a depository institution^* or group of depository institutions, with the group allowed to agree how to divide the clearing bank; (2) merge the clearing bank with a depository institution; (3) transfer^* contracts to the same extent that a receiver for a depository institution could under paragraphs (9) and (10) of section 11(e) of the Federal Deposit Insurance Act; (4) transfer assets or liabilities to a depository institution; and (5) transfer assets and liabilities to a bridge depository institution as provided in paragraphs (1), (3)(A), (5), and (6) of section 11(n) of the Federal Deposit Insurance Act, paragraphs (9) through (13) of that section, and subparagraphs (A) through (H) and subparagraph (K) of paragraph (4) of that section 11(n). For item (5), the bridge depository institution receiving the assets or liabilities is treated as a clearing bank for this subsection, and references in any of those provisions to the Federal Deposit Insurance Corporation^* mean the appointing agency; references to deposit insurance are omitted.

(c) Certain transfers included. A reference in this section to transferring liabilities includes transferring liabilities proportionally within a priority class.