{"data":{"id":"us-mi/mich.-comp.-laws-440.2809","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.2809","heading":"Power to accelerate payment or performance or require collateral; good faith.","body":"Sec. 2A109.\n\nA term providing that 1 party or his or her successor in interest may accelerate payment or performance or require collateral or additional collateral \"at will\" or when he or she deems himself or herself insecure or in words of similar import must be construed to mean that he or she has power to do so only if he or she in good faith believes that the prospect of payment or performance is impaired.\n\nWith respect to a consumer lease, the burden of establishing good faith under subsection (1) is on the party who exercised the power; otherwise, the burden of establishing lack of good faith is on the party against whom the power has been exercised.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-2809","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"73208792bd31608fadc19488a2162ad5feb2abe16ff68bd2ab3c85637b6ea557","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.2808","next":"us-mi/mich.-comp.-laws-440.2810"},"notice":"GroundRules: Original legal text. Not legal advice."}