Law360, New York ( September 5, 2012, 12:35 PM EDT) -- The Indiana Court of Appeals recently held in a published opinion that the appointment of a receiver for the benefit of a mortgagee who agreed to subordinate its mortgages was mandatory under Indiana law. PNC Bank, Nat'l Assoc. v. LA Dev. Inc., __ N.W.2d __, (Ind. Ct. App. Aug. 6, 2012)....
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