Cite as: 80 CNCA § 9-603

Agreement on Standards Concerning Rights and Duties

(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 80 CNCA § 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 80 CNCA § 9–609 to refrain from breaching the peace.

Historical Data

LA 26–03, eff. October 2, 2003.