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Georgia State Code
Title      11
Chapter       1  
Section Navigation   101 ... 201         202 ... 209     
Section<<< 202 203 204 205 206 207 208 209  
Title 11, Chapter 1, Section 208 (11-1-208)
Option to accelerate at will.

A term providing that one party or his successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or "when he deems himself insecure" or in words of similar import shall be construed to mean that he shall have power to do so only if he 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 whom the power has been exercised.

Defined terms referenced in this section:
Saturday May 23 18:13 EDT


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