A request by a mortgagee for appointment of a receiver, the appointment of a receiver or 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.
(P.A. 21-80, S. 25.)
History: P.A. 21-80 effective July 1, 2022.
Structure Connecticut General Statutes
Chapter 930 - Uniform Commercial Real Estate Receivership Act
Section 52-620. - (Note: This section is effective July 1, 2022.) Definitions.
Section 52-622. - (Note: This section is effective July 1, 2022.) Scope. Exclusions.
Section 52-623. - (Note: This section is effective July 1, 2022.) Power of court.
Section 52-624. - (Note: This section is effective July 1, 2022.) Appointment of receiver.
Section 52-630. - (Note: This section is effective July 1, 2022.) Powers and duties of receiver.
Section 52-631. - (Note: This section is effective July 1, 2022.) Duties of owner.
Section 52-632. - (Note: This section is effective July 1, 2022.) Stay; injunction.
Section 52-635. - (Note: This section is effective July 1, 2022.) Executory contract.
Section 52-637. - (Note: This section is effective July 1, 2022.) Interim report of receiver.
Section 52-639. - (Note: This section is effective July 1, 2022.) Fees and expenses.
Section 52-646. - (Note: This section is effective July 1, 2022). Transition.