554.1309 Option to accelerate at will. A term providing that one 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 'deemsitself insecure' or words of similar import, means that that party has power to do so only ifthat 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 hasbeen exercised. [C66, 71, 73, 75, 77, 79, 81, §554.1208]2007 Acts, ch 41, §20, 55CS2007, §554.1309 Sat Dec 23 01:49:20 2023 Iowa Code 2024, Section 554.1309 (25, 0)
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