Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS AND COMMERCE CODE |
Title 1. UNIFORM COMMERCIAL CODE |
Chapter 9. SECURED TRANSACTIONS |
Subchapter F. DEFAULT |
Sec. 9.603. AGREEMENT ON STANDARDS CONCERNING RIGHTS AND DUTIES
Latest version.
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(a) 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 9.602 if the standards are not manifestly unreasonable.
(b) Subsection (a) does not apply to the duty under Section 9.609 to refrain from breaching the peace.
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.