Virginia § 8.9A-603 Agreement on standards concerning rights and duties

Virginia Statutes

§ 8.9A-603 — Agreement on standards concerning rights and duties

Virginia § 8.9A-603

Title 8.9ACOMMERCIAL CODE — SECURED TRANSACTIONS

Part 6DEFAULT

Subpart 1DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

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Bluebook

Va. Code Ann. § 8.9A-603 (2026).

Text

(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 § 8.9A-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 § 8.9A-609 to refrain from breaching the peace.

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(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 § 8.9A-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 § 8.9A-609 to refrain from breaching the peace.