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 section 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 section 554.9609 to refrain from breaching the peace.
2000 Acts, ch 1149, §101, 187
Effective July 1, 2001; 2000 Acts, ch 1149, §187; for law prior to July 1, 2001, see Code 2001
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