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Code · Michigan · Chapter 440 — Uniform Commercial Code

440.9603 Agreement on standards concerning rights and duties.

79 words·~1 min read·/mi/chapter-440/440-9603

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440.9603 Agreement on standards concerning rights and duties.
Sec. 9603.
(1)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 9602 if the standards are not manifestly unreasonable.
(2)Subsection
(1)does not apply to the duty under section 9609 to refrain from breaching the peace.
History: Add. 2000, Act 348 , Eff. July 1, 2001
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