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N.Y. U.C.C. 9-603

Agreement on Standards Concerning Rights and Duties

Known as the Uniform Commercial Code

The act spans §§ 1–12 (253 sections).

2014-09-22

Section 9--603. Agreement on Standards Concerning Rights and Duties.\n (a) Agreed standards. The parties may determine by agreement the\nstandards measuring the fulfillment of the rights of a debtor or obligor\nand the duties of a secured party under a rule stated in Section 9--602\nif the standards are not manifestly unreasonable.\n (b) Agreed standards inapplicable to breach of peace. Subsection (a)\ndoes not apply to the duty under Section 9--609 to refrain from\nbreaching the peace.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.