Vermont § 2386 - Option to accelerate at will
Full text of Vermont Vermont Statutes Online § 2386 — Option to accelerate at will, with citation guidance and answers to common questions.
§ 2386. Option to accelerate at will
- Any term of an agricultural finance lease providing that a party or a 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, shall be construed to mean that the party may do so only
if he or she in good faith believes that the prospect of payment or performance is
impaired
Frequently Asked Questions About Vermont § 2386
What does Vermont Statutes Online § 2386 cover?
Section 2386 ("Option to accelerate at will") 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 § 2386?
A common citation format is "Vermont Statutes Online § 2386" (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 § 2386 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.