(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 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 Section 9--609 to refrain from
breaching the peace.
Structure New York Laws
Article 9 - Secured Transactions
Sub Part 1 - Default and Enforcement of Security Interest
9-602 - Waiver and Varience of Rights and Duties
9-603 - Agreement on Standards Concerning Rights and Duties
9-604 - Procedure if Security Agreement Covers Real Property, Fixtures, or Cooperative Interests
9-605 - Unknown Debtor or Secondary Obligor
9-606 - Time of Default for Agricultural Lien
9-607 - Collection and Enforcement by Secured Party
9-609 - Secured Party's Right to Take Possession After Default
9-610 - Disposition of Collateral After Default
9-611 - Notification Before Disposition of Collateral
9-612 - Timeliness of Notification Before Disposition of Collateral
9-613 - Contents and Form of Notification Before Disposition of Collateral: General
9-615 - Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus
9-616 - Explanation of Calculation of Surplus or Deficiency
9-617 - Rights of Transferee of Collateral
9-618 - Rights and Duties of Certain Secondary Obligors
9-619 - Transfer of Record or Legal Title
9-621 - Notification of Proposal to Accept Collateral
9-622 - Effect of Acceptance of Collateral