Legislation
SECTION 9-603
Agreement on Standards Concerning Rights and Duties
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 6, SUBPART 1
Section 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.
(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.