§ 1-507-54

\nA request by a secured party for the appointment of a receiver, the appointment of a receiver, or application by a secured party of receivership property to the secured obligation does not do any of the following:\n(1) Make the secured party a mortgagee in possession of real property.\n(2) Impose any duty on the secured party under G.S. 25-9-207.\n(3) Make the secured party an agent or fiduciary of the debtor.\n(4) Constitute an election of remedies that precludes a later action to enforce the secured obligation.\n(5) Make the secured obligation unenforceable.\n(6) Limit any right available to the secured party with respect to the secured obligation. (2020-75, s. 1.)