N.M. Stat. § 55-9-603

Current through 2024, ch. 69
Section 55-9-603 - 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 Section 55-9-602 NMSA 1978 if the standards are not manifestly unreasonable.
(b) Subsection (a) of this section does not apply to the duty under Section 55-9-609 NMSA 1978 to refrain from breaching the peace.

NMS § 55-9-603

1978 Comp., § 55-9-603, enacted by Laws 2001, ch. 139, § 100.