{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/8.1A-309.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/8.1A-309.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/8.1A-309.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/8.1A-309.html"}],"law_id":377902,"edition_id":2,"section_id":377902,"structure_id":53712,"section_number":"8.1A-309","catch_line":"Option to accelerate at will","history":"1964, c. 219, \u00a7 8.1-208; 1974, c. 572; 2003, c. 353.","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.\n\n","order_by":null,"text":{"0":{"id":1409559,"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53712,"edition_id":2,"name":"Territorial Applicability and General Rules","identifier":"3","label":"part","depth":2,"order_by":2,"parent_id":53709,"metadata":{"child_laws":10,"child_structures":0},"date_created":"2026-08-02 03:20:54","date_modified":"2026-08-02 12:28:28","permalink":{"id":1508891,"object_type":"structure","relational_id":53712,"identifier":"3","token":"8.1A\/3","url":"\/8.1A\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53709,"edition_id":2,"name":"Uniform Commercial Code \u2014 General Provisions","identifier":"8.1A","label":"title","depth":1,"order_by":13,"parent_id":null,"metadata":{"child_laws":24,"child_structures":3},"date_created":"2026-08-02 03:20:53","date_modified":"2026-08-02 12:28:28","permalink":{"id":1508829,"object_type":"structure","relational_id":53709,"identifier":"8.1A","token":"8.1A","url":"\/8.1A\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":377894,"structure_id":53712,"section_number":"8.1A-301","catch_line":"Territorial applicability; parties' power to choose applicable law","url":"\/8.1A-301\/","token":"8.1A\/3\/8.1A-301","metadata":false},{"id":377895,"structure_id":53712,"section_number":"8.1A-302","catch_line":"Variation by agreement","url":"\/8.1A-302\/","token":"8.1A\/3\/8.1A-302","metadata":false},{"id":377896,"structure_id":53712,"section_number":"8.1A-303","catch_line":"Course of performance, course of dealing, and usage of trade","url":"\/8.1A-303\/","token":"8.1A\/3\/8.1A-303","metadata":false},{"id":377897,"structure_id":53712,"section_number":"8.1A-304","catch_line":"Obligation of good faith","url":"\/8.1A-304\/","token":"8.1A\/3\/8.1A-304","metadata":false},{"id":377898,"structure_id":53712,"section_number":"8.1A-305","catch_line":"Remedies to be liberally administered","url":"\/8.1A-305\/","token":"8.1A\/3\/8.1A-305","metadata":false},{"id":377899,"structure_id":53712,"section_number":"8.1A-306","catch_line":"Waiver or renunciation of claim or right after breach","url":"\/8.1A-306\/","token":"8.1A\/3\/8.1A-306","metadata":false},{"id":377900,"structure_id":53712,"section_number":"8.1A-307","catch_line":"Prima facie evidence by third-party documents","url":"\/8.1A-307\/","token":"8.1A\/3\/8.1A-307","metadata":false},{"id":377901,"structure_id":53712,"section_number":"8.1A-308","catch_line":"Performance or acceptance under reservation of rights","url":"\/8.1A-308\/","token":"8.1A\/3\/8.1A-308","metadata":false},{"id":377902,"structure_id":53712,"section_number":"8.1A-309","catch_line":"Option to accelerate at will","url":"\/8.1A-309\/","token":"8.1A\/3\/8.1A-309","metadata":false},{"id":377903,"structure_id":53712,"section_number":"8.1A-310","catch_line":"Subordinated obligations","url":"\/8.1A-310\/","token":"8.1A\/3\/8.1A-310","metadata":false}],"previous_section":{"id":377901,"structure_id":53712,"section_number":"8.1A-308","catch_line":"Performance or acceptance under reservation of rights","url":"\/8.1A-308\/","token":"8.1A\/3\/8.1A-308","metadata":false},"next_section":{"id":377903,"structure_id":53712,"section_number":"8.1A-310","catch_line":"Subordinated obligations","url":"\/8.1A-310\/","token":"8.1A\/3\/8.1A-310","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.1A-309\/","history_text":"

This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1974, chapter 572; in 2003, chapter 353<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1508925,"object_type":"law","relational_id":377902,"identifier":"8.1A-309","token":"8.1A\/3\/8.1A-309","url":"\/8.1A-309\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/8.1A-309\/","token":"8.1A\/3\/8.1A-309","dublin_core":{"Title":"Option to accelerate at will","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.1A-309","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A term providing that one party<\/span> or that party<\/span>’s successor in interest may accelerate payment or performance or require collateral<\/span> or additional collateral<\/span> “at will” or when the party<\/span> “deems itself insecure,” or words of similar import, means that the party<\/span> has power to do so only if that party<\/span> 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<\/span> against which the power has been exercised.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nOPTION TO ACCELERATE AT WILL (\u00a7 8.1A-309)\n\nA term providing that one party or that party’s successor in interest may\naccelerate payment or performance or require collateral or additional collateral\n“at will” or when the party “deems itself insecure,” or\nwords of similar import, means that the party has power to do so only if that\nparty in good faith believes that the prospect of payment or performance is\nimpaired. The burden of establishing lack of good faith is on the party against\nwhich the power has been exercised.\n\nHISTORY: 1964, c. 219, \u00a7 8.1-208; 1974, c. 572; 2003, c. 353.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}