Section 10-21-25 - Effect of enforcement by secured partyA 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.R.I. Gen. Laws § 10-21-25
Added by 2022 Pub. Laws, ch. 107,§ 1, eff. 6/20/2022.Added by 2022 Pub. Laws, ch. 108,§ 1, eff. 6/20/2022.