Indiana Code
Chapter 1. General Provisions
26-1-1-208. Option to Accelerate at Will

Sec. 208. 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. The burden of establishing lack of good faith is on the party against whom the power has been exercised.
Formerly: Acts 1963, c.317, s.1-208.

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Structure Indiana Code

Indiana Code

Title 26. Commercial Law

Article 1. Uniform Commercial Code

Chapter 1. General Provisions

26-1-1-0.2. Transactions Entered Into After July 1, 1964, and Before January 1, 1986; Status of Certain Perfected Security Interests

26-1-1-0.3. Certain Security Interests Considered Perfected

26-1-1-0.4. Status of Certain Financing Statements and Continuation Statements; Effectiveness of Certain Financing Statements; Requirement for New Financing Statements; Status of Records of Certain Real Estate Mortgages

26-1-1-0.5. Status of Certain Security Interests; Conditions; Lapsing of Perfection; Filing of Financing Statements

26-1-1-0.6. Application of Article to Certain Questions of Priority; Exceptions