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2023 Tennessee Code
Title 47 - COMMERCIAL INSTRUMENTS AND TRANSACTIONS (§§ 47-1-101 — 47-50-121)
Chapter 9 - SECURED TRANSACTIONS (§§ 47-9-101 — 47-9-809)
Part 6 - DEFAULT (§§ 47-9-601 — 47-9-628)
Section 47-9-603 - Agreement on standards concerning rights and duties
Universal Citation:
TN Code § 47-9-603 (2023)
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- (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 § 47-9-602 if the standards are not manifestly unreasonable.
- (b)Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under § 47-9-609 to refrain from breaching the peace.
Acts 2000, ch. 846, § 1.
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