§ 62A.1-208. Option to accelerate at will
A term providing that one party or his successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or "when he deems himself insecure" or in words of similar import shall be construed to mean that he shall have power to do so only if he in good faith believes that the prospect of payment or performance is impaired.
[1965 ex.s. c 157 § 1-208. Cf. former RCW 61.08.080; Code 1881 § 1998; 1879 p 106 § 13; RRS § 1111.]
Sections: Previous 62A.1-104 62A.1-105 62A.1-106 62A.1-107 62A.1-108 62A.1-109 62A.1-110 62A.1-201 62A.1-202 62A.1-203 62A.1-204 62A.1-205 62A.1-206 62A.1-207 62A.1-208Last modified: April 7, 2009