# Commercial Law (GCL)

## Title 24. Maryland Commercial Receivership Act

### Subtitle 4. Effect of Receivership

#### Section 24-405

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.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)