If an administrator is appointed to rehabilitate a provider, the administrator may do any of the following:
(a) Take possession of and preserve, protect and recover any assets, books, records, or property of the provider, including, but not limited to, claims or causes of action belonging to, or which may be asserted by, the provider.
(b) Deal with the property in the administrator’s name in the capacity as administrator, and purchase at any sale any real estate or other asset upon which the provider may hold any lien or encumbrance or in which the provider may have an interest.
(c) File, prosecute, and defend or compromise any suit or suits which have been filed, or which may thereafter be filed, by or against the provider as necessary to protect the provider or the residents or any property affected thereby.
(d) Deposit and invest any of the provider’s available funds.
(e) Pay all expenses of the rehabilitation.
(f) Perform all duties of the provider in the provision of care and services to residents in the continuing care retirement community at the time the administrator takes possession.
(g) Facilitate the orderly transfer of residents should the provider ultimately fail.
(h) Exercise any other powers and duties as may be authorized by law or provided by order of the court.
(Amended by Stats. 1995, Ch. 920, Sec. 67. Effective January 1, 1996.)
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