N.J.S.A. 12A:9-603 — Agreement on standards concerning rights and duties.

12A:9-603 Agreement on standards concerning rights and duties. 12A:9-603. Agreement on Standards Concerning Rights and Duties. (a) Agreed standards. 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 12A:9-602 if the standards are not manifestly unreasonable. (b) Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under 12A:9-609 to refrain from breaching the peace. L.2001, c.117, s.1; amended 2001, c.386, s.93.

This is the verbatim text of N.J.S.A. 12A:9-603, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.