Oregon Code § 71.3090·Enacted ·Last updated March 01, 2026
Statute Text
Option
to accelerate at will.
A term providing that one party or that partys 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. [2009 c.181 §22]
Note:
See note under 71.3010.
Plain English Explanation
This Oregon statute addresses Option
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 71.3090
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Option
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 71.3090. Use this format in legal documents and court filings.
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