GroundRules
Iowa Code § 554.9603: Agreement on standards concerning rights and duties.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 554 - UNIFORM COMMERCIAL CODE
- Article 9 - SECURED TRANSACTIONS
- Part 6 - DEFAULT
- Subpart A - DEFAULT AND ENFORCEMENT OF SECURITY INTEREST
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 554.9602 if the standards are not manifestly unreasonable.
2. Subsection 1 does not apply to the duty under section 554.9609 to refrain from breaching the peace.
Collected 2026-09-14T19:40:15Z. Source file · JSON