Wyoming Statutes
§ 34.1-1-309 — Option to accelerate at will
Wyoming·Title 34.1 Uniform Commercial Code
A term providing that one (1) 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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Nearby Sections
15
§ 34.1-1-101
Short titles§ 34.1-1-102
Scope of article§ 34.1-1-104
Construction against implied repeal§ 34.1-1-105
Severability§ 34.1-1-106
Use of singular and plural; gender§ 34.1-1-107
Section captions§ 34.1-1-201
General definitions§ 34.1-1-202
Notice; knowledge§ 34.1-1-203
Lease distinguished from security interest§ 34.1-1-204
Value§ 34.1-1-205
Reasonable time; seasonableness§ 34.1-1-206
Presumptions