57-26-106. Enforcement of security interest in rents.
- (1) An assignee may enforce an assignment of rents using one or more of the methods specified in Sections 57-26-107, 57-26-108, and 57-26-109 or any other method sufficient to enforce the assignment under law of this state other than this chapter.
- (2) From the date of enforcement, the assignee or, in the case of enforcement by appointment of a receiver under Section 57-26-107, the receiver is entitled to collect all rents that:
- (a) have accrued but remain unpaid on that date; and
- (b) accrue on or after that date, as those rents accrue.
Enacted by Chapter 139, 2009 General Session