Current through the 2024 Legislative Session
Section 382-A:9-603 - Agreement on Standards Concerning Rights and Duties(a) Agreed standards. The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in Section 9-602 if the standards are not manifestly unreasonable.(b) Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under Section 9-609 to refrain from breaching the peace. 2001, 102:25, eff. July 1, 2001.