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. § 2A-109)
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§ 2A—109. Option to accelerate at will
(1) A term providing that one party or his or her successor in interest may accelerate
payment or performance or require collateral or additional collateral “at will” or
“when he or she deems himself or herself insecure” or in words of similar import must
be construed to mean that he or she has power to do so only if he or she in good faith
believes that the prospect of payment or performance is impaired.
(2) With respect to a consumer lease, the burden of establishing good faith under subsection
(1) of this section is on the party who exercised the power; otherwise the burden
of establishing lack of good faith is on the party against whom the power has been
exercised. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)