§9-1603. Agreement on standards concerning rights and duties
(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 9-1602 if the standards are not manifestly unreasonable.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(2). Subsection (1) does not apply to the duty under section 9-1609 to refrain from breaching the peace.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Subpart 1: DEFAULT AND ENFORCEMENT OF SECURITY INTEREST
11 §9-1602. Waiver and variance of rights and duties
11 §9-1603. Agreement on standards concerning rights and duties
11 §9-1604. Procedure if security agreement covers real property or fixtures
11 §9-1605. Unknown debtor or secondary obligor
11 §9-1606. Time of default for agricultural lien
11 §9-1607. Collection and enforcement by secured party
11 §9-1609. Secured party's right to take possession after default
11 §9-1610. Disposition of collateral after default
11 §9-1611. Notification before disposition of collateral
11 §9-1612. Timeliness of notification before disposition of collateral
11 §9-1613. Contents and form of notification before disposition of collateral: general
11 §9-1615. Application of proceeds of disposition; liability for deficiency and right to surplus
11 §9-1616. Explanation of calculation of surplus or deficiency
11 §9-1617. Rights of transferee of collateral
11 §9-1618. Rights and duties of certain secondary obligors
11 §9-1619. Transfer of record or legal title
11 §9-1621. Notification of proposal to accept collateral
11 §9-1622. Effect of acceptance of collateral