GroundRules
Utah Code § 70A-1a-309: Option to accelerate at will.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-1a Uniform Commercial Code - General Provisions
- Part 70A-1a-3 Territorial Applicability and General Rules
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 "considers itself insecure," or words of similar import, means that the party 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 2026-09-03T11:34:34Z. Source file · JSON