<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69348</law_id><section_number>8.9A-603</section_number><catch_line>Agreement on standards concerning rights and duties</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.9A">Commercial Code &#x2014; Secured Transactions</unit><unit label="part" level="2" order_by="1" identifier="6">Default</unit><unit label="subpart" level="3" order_by="1" identifier="1">Default and Enforcement of Security Interest</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> 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 <span class="dictionary">party</span> under a rule stated in &#xA7; <a class="law" title="Waiver and variance of rights and duties" href="/8.9A-602/">8.9A-602</a> if the standards are not manifestly unreasonable. <a id="paragraph-250823" class="section-permalink" href="https://vacode.org/8.9A-603/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under &#xA7; <a class="law" title="Secured party's right to take possession after default" href="/8.9A-609/">8.9A-609</a> to refrain from breaching the peace. <a id="paragraph-250824" class="section-permalink" href="https://vacode.org/8.9A-603/#b"><i class="fa fa-link"/></a></p></section></text><history>1964, c. 219, &#xA7; 8.9-501; 1973, c. 509; 2000, c. 1007.</history><metadata></metadata></law>
