Okla. Stat. tit. 12A, § 12A-1-309: Option to accelerate at will
Where this section sits in the code
- OK Code
- Title 12A
Option to Accelerate at Will.
A term providing that one 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 in words of similar import, means that the party shall
have 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 whom the
power has been exercised.
Collected 2026-09-14T18:32:36Z. Source file · JSON