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336.9-603 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 section 336.9-602 if the standards are not manifestly unreasonable.

(b) Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under section 336.9-609 to refrain from breaching the peace.

HIST: 2000 c 399 art 1 s 104

* NOTE: This section, as added by Laws 2000, chapter 399, *article 1, section 104, is effective July 1, 2001. Laws 2000, *chapter 399, article 1, section 130.

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Revisor of Statutes