Agreement on standards concerning rights and duties

Ind. Code § 26-1-9.1-603
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 603. (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 IC 26-1-9.1-602 if the standards are not manifestly unreasonable. (b) Subsection (a) does not apply to the duty under IC 26-1-9.1-609 to refrain from breaching the peace. As added by P.L.57-2000, SEC.45.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026