§ 2A109. Option to accelerate at will
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code
13 Pa.C.S.A. § 2A109
§ 2A109. Option to accelerate at will
(a) General rule.--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
1992, July 9, P.L. 507, No. 97, § 3, effective in one year.
13 Pa.C.S.A. § 2A109, PA ST 13 Pa.C.S.A. § 2A109
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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