Cal. Commercial Code § 1309
Cal. Commercial Code § 1309
California · California Commercial Code · Status: effective · Effective 2007-01-01
Cite this
- Citation
- Cal. Commercial Code § 1309, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790233
- Permanent ID
ys:prov:790233@1- SHA-256
1bb9a384240ebc1828be2215268bec96af31b8a7572bfe9e9684d6fec5e2042d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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.