Oklahoma § 12A-1-309 Option to accelerate at will.

Oklahoma Statutes

§ 12A-1-309 — Option to accelerate at will.

Oklahoma § 12A-1-309

Title 12AUniform Commercial Code

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

Bluebook

Okla. Stat. tit. 12A, § 12A-1-309 (2026).

Text

Option to Accelerate at Will. 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 shall have 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 whom the power has been exercised.

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Option to Accelerate at Will. 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 shall have 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 whom the power has been exercised.