4-9-603. Agreement on standards concerning rights and duties.
66 words·~1 min read·
/co/title-4-uniform-commercial-code/article-9-secured-transactions/4-9-603·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 4-9-602 if the standards are not unreasonable.
(b)Subsection
(a)of this section does not empower the parties to set standards affecting the duty under section 4-9-609 to refrain from breaching the peace.