{"data":{"id":"us-nc/n.c.-gen.-stat.-1-507.54","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 1-507.54","heading":"Effect of enforcement by secured party.","body":"A 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)\tMake the secured party a mortgagee in possession of real property.\n(2)\tImpose any duty on the secured party under G.S. 25-9-207.\n(3)\tMake the secured party an agent or fiduciary of the debtor.\n(4)\tConstitute an election of remedies that precludes a later action to enforce the secured obligation.\n(5)\tMake the secured obligation unenforceable.\n(6)\tLimit any right available to the secured party with respect to the secured obligation. (2020-75, s. 1.)","path":["Chapter 1. Civil Procedure.","SUBCHAPTER XIII. PROVISIONAL REMEDIES.","Article 38A. North Carolina Commercial Receivership Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_1/GS_1-507.54.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:54:12Z","sha256":"cf7e53d3cad122e402303d82b8e97c70c6e86d5e2248adabe279a8dcbfa6d4aa","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-1-507.53","next":"us-nc/n.c.-gen.-stat.-1-508"},"notice":"GroundRules: Original legal text. Not legal advice."}