{"data":{"id":"us-ky/krs-355.2a-109","jurisdiction":"us-ky","citation":"KRS 355.2A-109","heading":"Option to accelerate at will.","body":"(1) A term providing that one (1) party or his successor in interest may accelerate\npayment or performance or require collateral or additional collateral \"at will\" or\n\"when he deems himself insecure\" or in words of similar import must be construed\nto mean that he has power to do so only if he in good faith believes that the prospect\nof payment or performance is impaired.\n(2) With respect to a consumer lease, the burden of establishing good faith under\nsubsection (1) is on the party who exercised the power; othe rwise the burden of\nestablishing lack of good faith is on the party against whom the power has been\nexercised.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33356","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:43Z","sha256":"8a991be36b41293395b0d0623a2d8ea5e821a2db6a8b1616ce04cacad357f417","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.2a-108","next":"us-ky/krs-355.2a-110"},"notice":"GroundRules: Original legal text. Not legal advice."}