A court may appoint a receiver: Before judgment, to protect a party that demonstrates an apparent right to property that is the subject of the action, if the property or the revenue–producing potential of the property: Is being subjected to or is in danger of waste, loss, dissipation, or impairment; or Has been or is about to be the subject of a fraudulent conveyance voidable under Title 15, Subtitle 2 of this article; After judgment, to: Carry the judgment into effect; or Preserve nonexempt property: Pending appeal; or When an execution has been returned unsatisfied and the owner refuses to apply the property in satisfaction of the judgment; In an action seeking dissolution of a corporation under § 3–411 or § 3–415 of the Corporations and Associations Article; or To a receivership under § 24–103(a)(3) of this title. In connection with or anticipation of a foreclosure or any other enforcement of a mortgage, a mortgagee is entitled to the appointment of a receiver. On request, a court shall appoint a receiver for the mortgaged property if: There is a default under the mortgage; and Appointment of a receiver is necessary to protect the property from waste, loss, transfer, dissipation, or impairment; The mortgagor agreed in a signed record, including the mortgage or an assignment of leases and rents, to the appointment of a receiver on default; The owner agreed, after default and in a signed record, to the appointment of a receiver; The property and any other collateral held by the mortgagee are not sufficient to satisfy the secured obligation; The owner fails to turn over to the mortgagee proceeds or rent the mortgagee was entitled to collect; or The holder of a subordinate lien obtains the appointment of a receiver for the property. A court may condition appointment of a receiver without prior notice under § 24–501(b)(1) of this title, or without a prior hearing under § 24–501(b)(2) of this title, on the giving of security by the person seeking the appointment for: The payment of damages; Reasonable attorney’s fees; or If the court concludes that the appointment was not justified, costs incurred by any person. If the court later concludes that the appointment was justified, the court shall release the security.