§ 24–405
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 24-405 (2026)
Title 24. Maryland Commercial Receivership Act
Subtitle 4. Effect of Receivership
§ 24–405LinkCopy Citation
A request by a mortgagee for the appointment of a receiver, the appointment of a receiver, or the 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.