Agreement on standards concerning rights and duties
Known as the Uniform Commercial Code
The act spans §§ 355.10-101 to 355.9-809 (686 sections).
Effective: July 1, 2001 History: Created 2000 Ky
(1) 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 KRS 355.9-602 if the standards are not manifestly unreasonable.
(2) Subsection (1) of this section does not apply to the duty under KRS 355.9-609 to refrain from breaching the peace.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.