Agreement on standards concerning rights and duties.

Checkout our iOS App for a better way to browser and research.

(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 § 6A-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 § 6A-9-609 to refrain from breaching the peace.

History of Section.
P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.


Download our app to see the most-to-date content.