New York § 9-603 Agreement on Standards Concerning Rights and Duties

New York Statutes

§ 9-603 — Agreement on Standards Concerning Rights and Duties

New York·Law UCC Uniform Commercial Code·Part 6 Default·Subpart 1 Default and Enforcement of Security Interest·Art. 9 Secured Transactions

Section 9--603. Agreement on Standards Concerning Rights and Duties.\n  (a) Agreed standards. The parties may determine by agreement the\nstandards measuring the fulfillment of the rights of a debtor or obligor\nand the duties of a secured party under a rule stated in Section 9--602\nif the standards are not manifestly unreasonable.\n  (b) Agreed standards inapplicable to breach of peace. Subsection (a)\ndoes not apply to the duty under Section 9--609 to refrain from\nbreaching the peace.\n

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Section 9--603. Agreement on Standards Concerning Rights and Duties.\n (a) Agreed standards. The parties may determine by agreement the\nstandards measuring the fulfillment of the rights of a debtor or obligor\nand the duties of a secured party under a rule stated in Section 9--602\nif the standards are not manifestly unreasonable.\n (b) Agreed standards inapplicable to breach of peace. Subsection (a)\ndoes not apply to the duty under Section 9--609 to refrain from\nbreaching the peace.\n

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