Agreement on standards concerning rights and duties
Known as the Uniform Commercial Code
The act spans §§ 70A-12-101 to 70A-9a-904 (293 sections).
Enacted by Chapter 252, 2000 General Session
(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 70A-9a-602 if the standards are not manifestly unreasonable.
(2) Subsection (1) does not apply to the duty under Section 70A-9a-609 to refrain from breaching the peace.
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.