Vermont § 309 - § 1—309.
Full text of Vermont Vermont Statutes Online § 309 — § 1—309., with citation guidance and answers to common questions.
§ 309. § 1—309.
- 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 2007, No. 99 (Adj. Sess.), § 2.)
Frequently Asked Questions About Vermont § 309
What does Vermont Statutes Online § 309 cover?
Section 309 ("§ 1—309.") 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 § 309?
A common citation format is "Vermont Statutes Online § 309" (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 § 309 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.