{"data":{"id":"us-tx/tex.-business-commerce-code-1.309","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 1.309","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 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.\nAdded by Acts 2003, 78th Leg., ch. 542, Sec. 1, eff. Sept. 1, 2003.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 1. GENERAL PROVISIONS","SUBCHAPTER C. TERRITORIAL APPLICABILITY AND GENERAL RULES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.1.htm#1.309","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"4932cc975d6cd12a2fe310d0d4cec19c7aeff5b9bf5532fd028345e56105379e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-1.308","next":"us-tx/tex.-business-commerce-code-1.310"},"notice":"GroundRules: Original legal text. Not legal advice."}