Appointment of Corporation by the Corporation

Notwithstanding any other provision of Federal law, the law of any State, or the constitution of any State, the Corporation may appoint itself as sole conservator or receiver of any insured State depository institution if—

(A) the Corporation determines— (i) that— (I) a conservator, receiver, or other legal custodian has been appointed for such institution; (II) such institution has been subject to the appointment of any such conservator, receiver, or custodian for a period of at least 15 consecutive days; and (III) 1 or more of the depositors in such institution is unable to withdraw any amount of any insured deposit; or (ii) that such institution has been closed by or under the laws of any State; and

(B) the Corporation determines that 1 or more of the grounds specified in paragraph (5)— (i) existed with respect to such institution at the time— (I) the conservator, receiver, or other legal custodian was appointed; or (II) such institution was closed; or (ii) exist at any time— (I) during the appointment of the conservator, receiver, or other legal custodian; or (II) while such institution is closed.