{"data":{"id":"us-nd/n.d.-cent.-code-32-10.1-24","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 32-10.1-24","heading":"Effect of enforcement by mortgagee","body":"1.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:\na.Make the mortgagee a mortgagee in possession of the real property;\nb.Make the mortgagee an agent of the owner;\nc.Constitute an election of remedies that precludes a later action to enforce the secured obligation;\nd.Make the secured obligation unenforceable;\ne.Limit any right available to the mortgagee with respect to the secured obligation; or\nf.Except as otherwise provided in subsection 2, bar a deficiency judgment in accordance with any other provision of law governing or relating to a deficiency judgment.\n2.If a receiver sells receivership property that under subsection 3 of section 32-10.1-15 is free of a lien, the ability of a creditor to enforce an obligation that had been secured by the lien is subject to the law of this state other than this chapter relating to a deficiency judgment.","path":["Title 32 Judicial Remedies","Chapter 32-10.1 Uniform Commercial Real Estate Receivership Act"],"source_url":"https://ndlegis.gov/cencode/t32c10-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"7d851dad80fc9174f516cb5f8d369f9284c1ed5df7f3537a5ea2c2327279d8bf","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-32-10.1-23","next":"us-nd/n.d.-cent.-code-32-10.1-25"},"notice":"GroundRules: Original legal text. Not legal advice."}