KRS 355.2A-109: Option to accelerate at will.
Where this section sits in the code
(1) A term providing that one (1) party or his successor in interest may accelerate
payment or performance or require collateral or additional collateral "at will" or
"when he deems himself insecure" or in words of similar import must be construed
to mean that he has power to do so only if he in good faith believes that the prospect
of payment or performance is impaired.
(2) With respect to a consumer lease, the burden of establishing good faith under
subsection (1) is on the party who exercised the power; othe rwise the burden of
establishing lack of good faith is on the party against whom the power has been
exercised.
Collected 2026-09-05T20:58:43Z. Source file · JSON