The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 1-309)
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§ 1—309. 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 “deems itself insecure,” or words of similar import, means that the
party has power to do so only if that 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 has been exercised. (Added 2007, No. 99 (Adj. Sess.), § 2.)