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Statutes > Washington Laws > Title 62A - Uniform commercial code > Chapter 1 - General provisions. > 62A.1-208 - Option to accelerate at will.

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WASHINGTON STATUTES AND CODES

62A.1-208 - Option to accelerate at will.

Option to accelerate at will.

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 shall be construed to mean that he shall have power to do so only if he in good faith believes that the prospect of payment or performance is impaired.

[1965 ex.s. c 157 § 1-208. Cf. former RCW 61.08.080; Code 1881 § 1998; 1879 p 106 § 13; RRS § 1111.]

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