New Mexico Statutes
§ 55-9-603 — Agreement on standards concerning rights and duties
New Mexico § 55-9-603
This text of New Mexico § 55-9-603 (Agreement on standards concerning rights and duties) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 55-9-603 (2026).
Text
(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 55-9-602 NMSA 1978 if the standards are not manifestly unreasonable.
(b)Subsection (a) of this section does not apply to the duty under Section 55-9-609 NMSA 1978 to refrain from breaching the peace.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1978 Comp., § 55-9-603, enacted by Laws 2001, ch. 139, § 100.
Nearby Sections
15
§ 55-1-101
Short titles§ 55-1-102
Scope of article§ 55-1-104
Construction against implicit repeal§ 55-1-105
Severability§ 55-1-106
Use of singular and plural; gender§ 55-1-107
Section captions§ 55-1-109
Repealed§ 55-1-110
Repealed§ 55-1-201
General definitions§ 55-1-202
Notice; knowledge§ 55-1-204
Value§ 55-1-205
Reasonable time; seasonablenessCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 55-9-603, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/55/55-9-603.