§490:9-623 Right to redeem collateral. (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) To redeem collateral, a person shall tender:
(1) Fulfillment of all obligations secured by the collateral; and
(2) The reasonable expenses and attorney's fees described in section 490:9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 490:9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under section 490:9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 490:9-622. [L 2000, c 241, pt of §1]
Section: Previous 490-9-616 490-9-617 490-9-618 490-9-619 490-9-620 490-9-621 490-9-622 490-9-623 490-9-624 490-9-625 490-9-626 490-9-627 490-9-628 490-9-701 490-9-702 NextLast modified: October 27, 2016