; and (2) place the institution into receivership, with the Corporation acting as the receiver, pursuant to the procedures provided under section 11(c) of the Federal Deposit Insurance Act ( 12 U.S.C. 1821(c) ). (c) Limitation on transfer of assets In its capacity as receiver of a national bank, Federal savings association, or branch, agency, commercial lending company, or representative office of a foreign bank under this section, the Corporation may transfer any assets of the institution only to banking organizations that were assigned a rating of satisfactory record of meeting community credit needs or better for complying with the Community Reinvestment Act of 1977 in their most recent evaluation, and may not transfer any assets of the institution to either— (1) a global systemically important bank holding company, or any subsidiary of such a bank holding company