Illinois Statutes
§ 9-603 — Agreement on standards concerning rights and duties
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 9 - Secured Transactions
(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 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 9-609 to refrain from breaching the peace.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 9-603 (Agreement on standards concerning rights and duties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 91-893, eff. 7-1-01.)
Nearby Sections
15
§ 9-101
Short title§ 9-103
§ 9-103§ 9-104
Control of deposit account§ 9-105
§ 9-105§ 9-105A
Control of electronic money§ 9-107A
§ 9-107A§ 9-108
Sufficiency of description§ 9-109
Scope§ 9-112
(Blank)