Oregon Statutes

§ 71.3090 — Option to accelerate at will

Oregon § 71.3090

JurisdictionOregon

Vol.2

Title 8Commercial Transactions

Ch. 71General Provisions for Uniform Commercial Code

This text of Oregon § 71.3090 (Option to accelerate at will) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 71.3090 (2026).

Text

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. The burden of establishing lack of good faith is on the party against which the power has been exercised.

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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. The burden of establishing lack of good faith is on the party against which the power has been exercised.

Legislative History

2009 c.181 §22

Nearby Sections

15

§ 71.001

, 71.002, 71.003, 71.004, 71.005, 71.006, 71.007, 71.008, 71.009, 71.010, 71.011, 71.012, 71.013, 71.014, 71.015, 71.016, 71.017, 71.018, 71.019, 71.020, 71.021, 71.022, 71.023, 71.024, 71.025, 71.026, 71.027, 71.028, 71.029, 71.030, 71.031, 71.032, 71.033, 71.034, 71.035, 71.036, 71.037, 71.038, 71.039, 71.040, 71.041, 71.042, 71.043, 71.044, 71.045, 71.046, 71.047, 71.048, 71.049, 71.050, 71.051, 71.052, 71.053, 71.054, 71.055, 71.056, 71.057, 71.058, 71.059, 71.060, 71.061, 71.062, 71.063, 71.064, 71.065, 71.066, 71.067, 71.068, 71.069, 71.070, 71.071, 71.072, 71.073, 71.074, 71.075, 71.076, 71.077, 71.078, 71.079, 71.080, 71.081, 71.082, 71.083, 71.084, 71.085, 71.086, 71.087, 71.088, 71.089, 71.090, 71.091, 71.092, 71.093, 71.094, 71.095, 71.096, 71.097, 71.098, 71.099, 71.100, 71.101, 71.102, 71.103, 71.104, 71.105, 71.106, 71.107, 71.108, 71.109, 71.110, 71.111, 71.112, 71.113, 71.114, 71.115, 71.116, 71.117, 71.118, 71.119, 71.120, 71.121, 71.122, 71.123, 71.124, 71.125, 71.126, 71.127, 71.128, 71.129, 71.130, 71.131, 71.132, 71.133, 71.134, 71.135, 71.136, 71.137, 71.138, 71.139, 71.140, 71.141, 71.142, 71.143, 71.144, 71.145, 71.146, 71.147, 71.148, 71.149, 71.150, 71.151, 71.152, 71.153, 71.154, 71.155, 71.156, 71.157, 71.158, 71.159, 71.160, 71.161, 71.162, 71.163, 71.164, 71.165, 71.166, 71.167, 71.168, 71.169, 71.170, 71.171, 71.172, 71.173, 71.174, 71.175, 71.176, 71.177, 71.178, 71.179, 71.180, 71.181, 71.182, 71.183, 71.184, 71.185, 71.186, 71.187, 71.188, 71.189, 71.190, 71.191, 71.192, 71.193, 71.194, 71.195

§ 71.1010

§ 71.1020

Scope of chapter

§ 71.1030

Construction to promote purposes and policies; applicability of supplemental principles of law

§ 71.1040

Construction against implied repeal

§ 71.1050

§ 71.1060

Use of singular and plural; gender

§ 71.1070

§ 71.1080

Relation to Electronic Signatures in Global and National Commerce Act

§ 71.1090

§ 71.2010

General definitions

§ 71.2020

Notice; knowledge

§ 71.2030

Lease distinguished from security interest

§ 71.2040

§ 71.2050

Reasonable time; season-ableness

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Bluebook (online)

Oregon § 71.3090, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/71.3090.