Iowa Statutes
§ 554.1309 — Option to accelerate at will
Iowa § 554.1309
This text of Iowa § 554.1309 (Option to accelerate at will) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 554.1309 (2026).
Text
Atermprovidingthatonepartyorthatparty’ssuccessorininterestmayacceleratepayment
orperformanceorrequirecollateraloradditionalcollateral“atwill”orwhentheparty“deems
itself insecure” or words of similar import, means that that 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
[C66, 71, 73, 75, 77, 79, 81, §554.1208]
Nearby Sections
15
§ 554.10101
Effective date§ 554.10103
General repealer§ 554.10104
Laws not repealed§ 554.1101
Short titles§ 554.1102
Scope of Article§ 554.1104
Construction against implied repeal§ 554.1105
Severability§ 554.1106
Use of singular and plural — gender§ 554.1107
Section captions§ 554.1110
Rules for filing and indexing§ 554.11101
Effective date§ 554.11102
Preservation of old transition provisionCite This Page — Counsel Stack
Bluebook (online)
Iowa § 554.1309, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/554.1309.