Connecticut § 52-643 Effect of enforcement by mortgagee.

Connecticut Statutes

§ 52-643 — Effect of enforcement by mortgagee.

Connecticut·Title 52 Civil Actions·Ch. 930 Uniform Commercial Real Estate Receivership Act

A request by a mortgagee for appointment of a receiver, the appointment of a receiver or 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.

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A request by a mortgagee for appointment of a receiver, the appointment of a receiver or 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.

Connecticut § 52-643 (Effect of enforcement by mortgagee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 21-80, S. 25; P.A. 22-26, S. 64.) History: P.A. 21-80 effective July 1, 2022; P.A. 22-26 changed effective date of P.A. 21-80, S. 25, from July 1, 2022, to July 1, 2023, effective May 10, 2022.