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Kentucky · Snapshot 09/05/2026

KRS 355.1-309: Option to accelerate at will.

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    A term providing that one (1) party or that party's successor in interest may accelerate

    payment or performance or require collateral or additional collateral "at will" or when the

    party "deems itself insecure," or words of similar import, means that the p arty has power

    to do so only if that party in good faith believes that the prospect of payment or

    performance is impaired. The burden of establishing lack of good faith is on the party

    against which the power has been exercised.

    Collected 2026-09-05T20:58:41Z. Source file · JSON

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