Maryland Statutes
§ 1-309
Maryland § 1-309
This text of Maryland § 1-309 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 1-309 (2026).
Text
(a)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.
(b)The burden of establishing lack of good faith is on the party against which the power has been exercised.
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Bluebook (online)
Maryland § 1-309, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/1-309.