§ 12A-1-9-603. Agreement on standards concerning rights and duties.  


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  • AGREEMENT ON STANDARDS CONCERNING RIGHTS AND DUTIES

    (a)  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 1-9-602  of this title if the standards are not manifestly unreasonable.

    (b)  Subsection (a) of this section does not apply to the duty under Section 1-9-609 of this title to refrain from breaching the peace.

Added by Laws 2000, c. 371, § 110, eff. July 1, 2001.