California Statutes
§ 1309. — 1309. (Added by renumbering Section 1208 by Stats. 2006, Ch. 254, Sec. 27.)
California § 1309.
JurisdictionCalifornia
Code COMCommercial Code - COM
Div. 1.DIVISION 1. GENERAL PROVISIONS
Ch. 3.CHAPTER 3. Territorial Applicability and General Rules
This text of California § 1309. (1309. (Added by renumbering Section 1208 by Stats. 2006, Ch. 254, Sec. 27.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Commercial Code - COM Code § 1309. (2026).
Text
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.
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Legislative History
Added by renumbering Section 1208 by Stats. 2006, Ch. 254, Sec. 27. Effective January 1, 2007.
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Bluebook (online)
California § 1309., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/1309..