2000 Minnesota Statutes

     336.1-208 Option to accelerate at will.  

    A term providing that one party or a successor in interest 
 may accelerate payment or performance or require collateral or 
 additional collateral "at will" or "when the party claims to be 
 insecure" or in words of similar import shall be construed to 
 mean that the party shall have power to do so only with the good 
 faith belief 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. 

    HIST: 1965 c 811 s 336.1-208; 1986 c 444