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Me. Rev. Stat. tit. 11, § 9-1603

Agreement on standards concerning rights and duties

Known as the Uniform Commercial Code

The act spans §§ 2-101 to 9-1709 (548 sections).

PL 1999, c. 699, §A2 (NEW)

(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 section 9‑1602 if the standards are not manifestly unreasonable.

(2). Subsection (1) does not apply to the duty under section 9‑1609 to refrain from breaching the peace.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.