§ 671.208, Fla. Stat. · Part II. GENERAL DEFINITIONS ANDPRINCIPLES OF INTERPRETATION
Option to accelerate at will.
Text — 2026 Florida Statutes
A term providing that one party or the party’s successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when she or he deems herself or himself insecure” or in words of similar import must be construed to mean that she or he has power to do so only if she or 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.
Notes and commentary — not statutory text
History
s. 1, ch. 65-254; s. 555, ch. 97-102; s. 14, ch. 2007-134.
Note
Note.—s. 1-208, U.C.C.; supersedes s. 674.03(3).
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0671/0671.html
- Text hash
- sha256 882e9bbfa2ad4291d226ac94970f3b673b7967f09d384f1e8c7d80906a1ca892
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
- composed from the Legislature's structured HTML (one source of text; no PDF extraction); a second, independent reading of the same bytes agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.