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Chapter 336
Section 336.9-623
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Recent History
This is an historical version of this statute chapter. Also view the most recent published version.
336.9-623 RIGHT TO REDEEM COLLATERAL.
(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party
or lienholder may redeem collateral.
(b) Requirements for redemption. To redeem collateral, a person shall tender:
(1) fulfillment of all obligations secured by the collateral; and
(2) the reasonable expenses and attorneys fees described in section 336.9-615(a)(1).
(c) When redemption may occur. A redemption may occur at any time before a secured
party:
(1) has collected collateral under section 336.9-607;
(2) has disposed of collateral or entered into a contract for its disposition under section
336.9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under
section 336.9-622.
History: 2000 c 399 art 1 s 124
(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party
or lienholder may redeem collateral.
(b) Requirements for redemption. To redeem collateral, a person shall tender:
(1) fulfillment of all obligations secured by the collateral; and
(2) the reasonable expenses and attorneys fees described in section 336.9-615(a)(1).
(c) When redemption may occur. A redemption may occur at any time before a secured
party:
(1) has collected collateral under section 336.9-607;
(2) has disposed of collateral or entered into a contract for its disposition under section
336.9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under
section 336.9-622.
History: 2000 c 399 art 1 s 124
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Revisor of Statutes