§ 10-21-25. Effect of enforcement by secured party.
A request by a secured party for appointment of a receiver, the appointment of a receiver, or application by a secured party of receivership property or proceeds to the secured obligation does not:
(1) Make the secured party a mortgagee in possession of the real property;
(2) Impose any duty on the secured party under § 6A-9-207;
(3) Make the secured party an agent of the owner;
(4) Constitute an election of remedies that precludes a later action to enforce the secured obligation;
(5) Make the secured obligation unenforceable; or
(6) Limit any right available to the secured party with respect to the secured obligation.
History of Section.
P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective
June 20, 2022.