2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.2A-109 OPTION TO ACCELERATE AT WILL.
336.2A-109 OPTION TO ACCELERATE AT WILL.
A term providing that one party or the party's successor in interest may accelerate payment
or performance or require collateral or additional collateral "at will" or "when the party deems self
insecure" or in words of similar import must be construed to mean that the party has power to do
so only if the party in good faith believes that the prospect of payment or performance is impaired.
History: 1989 c 232 art 1 s 2A-109
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
