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§ 28-9-603 — District of Columbia Law | CourtGPT
  1. Home/
  2. Laws/
  3. District of Columbia/
  4. Title 28 - Commercial Instruments and Transactions. [Enacted Title]/
  5. Subtitle I - Uniform Commercial Code/
  6. Article 9 - Secured Transactions/
  7. Part VI - Defaultsub/
  8. Subpart 1 - Default and Enforcement of Security Interest§ 28:9–601. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes/
  9. § 28-9-603
District of Columbia Legal Code
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 § 28:9-602 if the standards are not manifestly unreasonable. (b) Subsection (a) does not apply to the duty under § 28:9-609 to refrain from breaching the peace. (Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.) Uniform Commercial Code Comment 1. Source. Former Section 9-501(3). 2. Limitation on Ability to Set Standards. Subsection (a), like former Section 9-501(3), permits the parties to set standards for compliance with the rights and duties under this Part if the standards are not 'manifestly unreasonable.' Under subsection (b), the parties are not permitted to set standards measuring fulfillment of the secured party’s duty to take collateral without breaching the peace.

§ 28-9-603

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