Nevada § 104.1309 - Option to accelerate at will
Full text of Nevada Nevada Revised Statutes § 104.1309 — Option to accelerate at will, with citation guidance and answers to common questions.
§ 104.1309. 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.
Frequently Asked Questions About Nevada § 104.1309
What does Nevada Revised Statutes § 104.1309 cover?
Section 104.1309 ("Option to accelerate at will") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 104.1309?
A common citation format is "Nevada Revised Statutes § 104.1309" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104.1309 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.