Rejection of contracts and leases

1. Within one hundred eighty days after the date the commissioner has taken possession, the receiver may reject: a. An executory contract to which the closed institution is a party without any further liability to the closed institution or the receiver; and b. An obligation of the institution as a lessee of real or personal property. 2. The receiver's election to reject a lease does not create a claim for rent other than rent accrued to the date of termination.