Agreement on standards concerning rights and duties
Known as the Uniform Commercial Code
The act spans §§ 30-1-101 to 30-9A-906 (713 sections).
En
(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 if the standards are not manifestly unreasonable.
(2) Subsection (1) does not apply to the duty under 30-9A-609 to refrain from breaching the peace.
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.