Section 55-9-603 - Agreement on standards concerning rights and duties. - New Mexico Statutes

55-9-603. Agreement on standards concerning rights and duties.

(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 55-9-602 NMSA 1978 if the standards are not manifestly unreasonable.   

(b)     Subsection (a) of this section does not apply to the duty under Section 55-9-609 NMSA 1978 to refrain from breaching the peace.