§ 24-405
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/md/commercial-law/24-405·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§24–405.
A request by a mortgagee for the appointment of a receiver, the appointment of a receiver, or the application by a mortgagee of receivership property or proceeds to the secured obligation does not:
(1)Make the mortgagee a mortgagee in possession of the real property;
(2)Make the mortgagee an agent of the owner;
(3)Constitute an election of remedies that precludes a later action to enforce the secured obligation;
(4)Make the secured obligation unenforceable; or
(5)Limit any right available to the mortgagee with respect to the secured obligation.