Vermont § 109 - § 2A—109.
Full text of Vermont Vermont Statutes Online § 109 — § 2A—109., with citation guidance and answers to common questions.
§ 109. § 2A—109.
- Option to accelerate at will (1) A term providing that one party or his or her successor in interest may accelerate
payment or performance or require collateral or additional collateral “at will” or
“when he or she deems himself or herself insecure” or in words of similar import must
be construed to mean that he or she has power to do so only if he or she in good faith
believes that the prospect of payment or performance is impaired. (2) With respect to a consumer lease, the burden of establishing good faith under subsection
(1) of this section is on the party who exercised the power; otherwise the burden
of establishing lack of good faith is on the party against whom the power has been
exercised. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 109
What does Vermont Statutes Online § 109 cover?
Section 109 ("§ 2A—109.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 109?
A common citation format is "Vermont Statutes Online § 109" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.