Agreement on standards concerning rights and duties.

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(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 36-9-602 if the standards are not manifestly unreasonable.

(b) Subsection (a) does not apply to the duty under Section 36-9-609 to refrain from breaching the peace.

HISTORY: 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12.


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