N.C.G.S. § 1-507.54 — revision history

Text is never overwritten. Each amendment lands as a new version row with its own effective range.

1. Version 1 — 2026-08-08 to present

   Scraped from ncleg.gov; The General Statutes include changes through S.L. 2026-7.

   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.)