New York § 1-309 Option to Accelerate at Will

New York Statutes

§ 1-309 — Option to Accelerate at Will

New York § 1-309

Law UCCUniform Commercial Code

Part 3Territorial Applicability and General Rules

Art. 1No title

This text of New York § 1-309 (Option to Accelerate at Will) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 1-309 (2026).

Text

Section 1--309. Option to Accelerate at Will.\n  A term providing that one party or that party's successor in interest\nmay accelerate payment or performance or require collateral or\nadditional collateral "at will" or when the party "deems itself\ninsecure," or words of similar import, means that the party has power to\ndo so only if that party in good faith believes that the prospect of\npayment or performance is impaired. The burden of establishing lack of\ngood faith is on the party against which the power has been exercised.\n

Free access — add to your briefcase to read the full text and ask questions with AI

Section 1--309. Option to Accelerate at Will.\n A term providing that one party or that party's successor in interest\nmay accelerate payment or performance or require collateral or\nadditional collateral "at will" or when the party "deems itself\ninsecure," or words of similar import, means that the party has power to\ndo so only if that party in good faith believes that the prospect of\npayment or performance is impaired. The burden of establishing lack of\ngood faith is on the party against which the power has been exercised.\n