Iowa Code 554.9603 – Agreement on standards concerning rights and duties
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Terms Used In Iowa Code 554.9603
- Rule: includes "regulation". See Iowa Code 4.1
554.9603 Agreement on standards concerning rights and duties.
1. 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 § 554.9602 if the standards are not manifestly unreasonable.
2. Agreed standards inapplicable to breach of peace. Subsection 1 does not apply to the duty under § 554.9609 to refrain from breaching the peace.
2000 Acts, ch 1149, §101, 187
1. 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 § 554.9602 if the standards are not manifestly unreasonable.
2. Agreed standards inapplicable to breach of peace. Subsection 1 does not apply to the duty under § 554.9609 to refrain from breaching the peace.
2000 Acts, ch 1149, §101, 187