Rhode Island § 10-21-25 § 10-21-25. Effect of enforcement by secured party.

Rhode Island Statutes

§ 10-21-25 — § 10-21-25. Effect of enforcement by secured party.

Rhode Island·Title 10 Courts and civil procedure–Procedure in particular actions·Ch. 10-21 Rhode Island Commercial Receivership Act

§ 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 enf

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§ 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.

Rhode Island § 10-21-25 (§ 10-21-25. Effect of enforcement by secured party.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.