California · Commercial Code
COM §9603: (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 9602 if the sta
What this law says, in plain English
Parties may agree on standards for measuring how a debtor or secured party fulfills their rights and duties under Section 9602.
Read the full statutory text
(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 9602 if the standards are not manifestly unreasonable. (b) Subdivision (a) does not apply to the duty under Section 9609 to refrain from breaching the peace.
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