6-470. Protection and liquidation of
assets
The liquidators are authorized to advance funds of the association and to take such
other action as is advisable to preserve, protect, or purchase at any sale any real
estate or other asset upon which the association may hold any lien or encumbrance or in
which it may have an interest. The liquidators may sell, convey, lease, mortgage or
exchange any assets so purchased or other assets; and in furtherance of the liquidation
of the association, may sell and dispose of any of its assets at public sale to the
highest and best bidder; or may sell any such assets at private sale for the highest
price obtainable. No purchaser shall be required to ascertain the application of the
purchase price.
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