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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 §§ 41-01-01 to 41-12-07 (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.