Florida Statute 671.208 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 671
UNIFORM COMMERCIAL CODE: GENERAL PROVISIONS

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F.S. 671.208

671.208 Option to accelerate at will.—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.

History.—s. 1, ch. 65-254; s. 555, ch. 97-102; s. 14, ch. 2007-134.

Note.—s. 1-208, U.C.C.; supersedes s. 674.03(3).

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Amendments to 671.208

Annotations, Discussions, Cases:

Cases Citing Statute 671.208

Total Results: 4

Flagship Nat. Bank v. Gray Distribution Syst.

485 So. 2d 1336

District Court of Appeal of Florida | Filed: Mar 25, 1986 | Docket: 1275873

Cited 28 times | Published

the note is not affected by section 671.203. Section 671.208 is also inapplicable. It has no effect on demand

Quest v. Barnett Bank of Pensacola

397 So. 2d 1020, 31 U.C.C. Rep. Serv. (West) 1502

District Court of Appeal of Florida | Filed: May 11, 1981 | Docket: 1357527

Cited 24 times | Published

at any time feels insecure for any reason." Section 671.208, Florida Statutes (1975), explains that the

In Re Waters

248 B.R. 916, 13 Fla. L. Weekly Fed. B 219, 2000 Bankr. LEXIS 554, 2000 WL 690088

United States Bankruptcy Court, M.D. Florida | Filed: May 23, 2000 | Docket: 1423301

Cited 1 times | Published

So.2d 1020, 1021 (Fla. 1st DCA 1981) (citing § 671.208, Fla.Stat., for the proposition that "insecurity"

In re Ward

320 B.R. 760, 18 Fla. L. Weekly Fed. B 183, 2005 Bankr. LEXIS 235, 2005 WL 418058

United States Bankruptcy Court, M.D. Florida | Filed: Feb 22, 2005 | Docket: 65782747

Published

397 So.2d 1020, 1021 (Fla. 1st DCA 1981)(citing § 671.208, Fla. Stat., for the proposition that “insecurity”