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2017 Code of Alabama
Title 7 - COMMERCIAL CODE.
Article 9A - SECURED TRANSACTIONS.
Part 6 - DEFAULT.
Division 1 - Default and Enforcement of Security Interest.
Section 7-9A-603 - Agreement on standards concerning rights and duties.
Universal Citation: AL Code § 7-9A-603 (2017)
Section 7-9A-603Agreement 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 Section 7-9A-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 Section 7-9A-609 to refrain from breaching the peace.
(Act 2001-481, p. 647, §1.)
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