Texas § BC.1.309 - OPTION TO ACCELERATE AT WILL

Full text of Texas The Texas Constitution § BC.1.309 — OPTION TO ACCELERATE AT WILL, with citation guidance and answers to common questions.

§ BC.1.309. OPTION TO ACCELERATE AT WILL

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. Added by Acts 2003, 78th Leg., ch. 542, Sec. 1, eff. Sept. 1, 2003.

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Frequently Asked Questions About Texas § BC.1.309

What does The Texas Constitution § BC.1.309 cover?

Section BC.1.309 ("OPTION TO ACCELERATE AT WILL") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § BC.1.309?

A common citation format is "The Texas Constitution § BC.1.309" (Texas). 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 Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § BC.1.309 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.