A request by a secured party for the appointment of a receiver, the appointment of a receiver, or application by a secured party of receivership property to the secured obligation does not do any of the following: (1) Make the secured party a mortgagee in possession of real property. (2) Impose any duty on the secured party under G.S. 25-9-207. (3) Make the secured party an agent or fiduciary of the debtor. (4) Constitute an election of remedies that precludes a later action to enforce the secured obligation. (5) Make the secured obligation unenforceable. (6) Limit any right available to the secured party with respect to the secured obligation. (2020-75, s. 1.) Article 39. Deposit or Delivery of Money or Other Property.
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