Michigan § 440.9603 - Agreement on standards concerning rights and duties.
Full text of Michigan Michigan Compiled Laws § 440.9603 — Agreement on standards concerning rights and duties., with citation guidance and answers to common questions.
§ 440.9603. Agreement on standards concerning rights and duties.
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 9602 if the standards are not manifestly unreasonable.
Subsection (1) does not apply to the duty under section 9609 to refrain from breaching the peace.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.9603
What does Michigan Compiled Laws § 440.9603 cover?
Section 440.9603 ("Agreement on standards concerning rights and duties.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.9603?
A common citation format is "Michigan Compiled Laws § 440.9603" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.9603 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.