North Dakota Code 41-09-100 – (9-603) Agreement on standards concerning rights and duties
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1. 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 41-09-99 if the standards are not manifestly unreasonable.
Terms Used In North Dakota Code 41-09-100
- Debtor: means a natural person whose name was provided in a financing statement record as an individual debtor or one of the types of persons listed in section 41-09-76. See North Dakota Code 41-10-01
- Rule: includes regulation. See North Dakota Code 1-01-49
2. Subsection 1 does not apply to the duty under section 41-09-106 to refrain from breaching the peace.