Ohio § 1301.309 Option to accelerate at will - UCC 1-309

Ohio Statutes

§ 1301.309 — Option to accelerate at will - UCC 1-309

Ohio § 1301.309

Title 13Commercial Transactions

Ch. 1301General Provisions

This text of Ohio § 1301.309 (Option to accelerate at will - UCC 1-309) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1301.309 (2026).

Text

Option to accelerate at will [UCC 1-309]

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 in 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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Option to accelerate at will [UCC 1-309]

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 in 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.