(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 § 4-9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) has collected collateral under § 4-9-607;
(2) has disposed of collateral or entered into a contract for its disposition under § 4-9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 4-9-622.
Section: Previous 4-9-611 4-9-612 4-9-613 4-9-614 4-9-615 4-9-616 4-9-617 4-9-618 4-9-619 4-9-620 4-9-621 4-9-622 4-9-623 4-9-624 NextLast modified: November 15, 2016