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N.D. Cent. Code § 41-09-100

(9-603) Agreement on standards concerning rights and duties

Known as the Uniform Commercial Code

The act spans §§ 41–41 (597 sections).

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 41-09-99 if the standards are not manifestly unreasonable.

2. Subsection 1 does not apply to the duty under section 41-09-106 to refrain from breaching the peace.

Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.