Utah Statutes
§ 70A-1a-309 — Option to accelerate at will.
Utah § 70A-1a-309
JurisdictionUtah
Title 70AUniform Commercial Code
Ch. 70A-1aUniform Commercial Code - General Provisions
Part 70A-1a-3Territorial Applicability and General Rules
This text of Utah § 70A-1a-309 (Option to accelerate at will.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 70A-1a-309 (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 "considers 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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Legislative History
Enacted by Chapter 272, 2007 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 70A-1a-309, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/70A-1a-309.