§ 25-9-603. Agreement on standards concerning rights and duties. - North Carolina Statutes

§25‑9‑603.  Agreement on standards concerning rights and duties.

(a)        Agreed standards. –The parties may determine by agreement the standards measuring the fulfillmentof the rights of a debtor or obligor and the duties of a secured party under arule stated in G.S. 25‑9‑602 if the standards are not manifestlyunreasonable.

(b)        Agreed standardsinapplicable to breach of peace. – Subsection (a) of this section does notapply to the duty under G.S. 25‑9‑609 to refrain from breaching thepeace. (1866‑7, c. 1, s. 2; 1872‑3, c. 133, s. 2;1883, c. 88; Code, s. 1800; 1893, c. 9; Rev., s. 2054; C.S., s. 2488; 1961, c.574; 1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169, s. 1.)