Any person who holds a note secured by a mortgage, or partially secured by a mortgage, shall have the right to bring suit upon the note without losing the security upon the mortgaged property, and a suit upon the note and a suit to foreclose the mortgage may be maintained at the same time.
Source. 1917, 131:1. PL 340:10. RL 396:10. 1996, 35:6, eff. June 23, 1996.