§ 2A-109. Option to Accelerate at Will
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 2A-109
§ 2A-109. Option to Accelerate at Will
(1) A term providing that one party or his successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when he deems himself insecure” or in words of similar import must be construed to mean that he has power to do so only if he in good faith believes that the prospect of payment or performance is impaired.
Credits
Laws 1988, c. 86, § 9, eff. Nov. 1, 1988.
12A Okl. St. Ann. § 2A-109, OK ST T. 12A § 2A-109
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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