{"data":{"id":"us-ak/as-45.01.309","jurisdiction":"us-ak","citation":"AS 45.01.309","heading":"Option to accelerate at will.","body":"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 words of similar import, means that the party has power to make the acceleration or requirement 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.","path":["Title 45. Trade and Commerce.","Chapter 01. General Provisions.","Article 3. Territorial Applicability and General Rules."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.01.309","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"5c2b5b801f69022c293c05be61ca52863d36f50e9575c884f96086d3df137519","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.01.308","next":"us-ak/as-45.01.310"},"notice":"GroundRules: Original legal text. Not legal advice."}