TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 9

SECURED TRANSACTIONS

PART 6.

DEFAULT

28-9-603.  Agreement on standards concerning rights and duties. (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 28-9-602 if the standards are not manifestly unreasonable.

(b)  Subsection (a) of this section does not apply to the duty under section 28-9-609 to refrain from breaching the peace.

History:

[28-9-603, added 2001, ch. 208, sec. 2, p. 781.]