{"data":{"id":"us-il/765-ilcs-1090-25","jurisdiction":"us-il","citation":"765 ILCS 1090/25","heading":"Effect of enforcement by secured party.","body":"A request by a secured party for appointment of a receiver, the appointment of a receiver, or application by a secured party of receivership property or proceeds to the secured obligation does not:\n(1) make the secured party a mortgagee in possession of real property;\n(2) impose any duty on the secured party under Section 9-207 of the Uniform Commercial Code;\n(3) make the secured party an agent of the owner;\n(4) constitute an election of remedies that precludes a later action to enforce the secured obligation;\n(5) make the secured obligation unenforceable; or\n(6) limit any right available to the secured party with respect to the secured obligation.","path":["CHAPTER 765 PROPERTY","Illinois Receivership Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4605\u0026ChapterID=62\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:46Z","sha256":"4698105cdfb8c16421f3b9ac03fdc93faae85c77e2f9b832f96141329abc333f","source_id":"us-il","stale":false,"prev":"us-il/765-ilcs-1090-24","next":"us-il/765-ilcs-1090-26"},"notice":"GroundRules: Original legal text. Not legal advice."}