2000 Minnesota Statutes

     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. 

    HIST: 2000 c 399 art 1 s 124 

*   NOTE:  This section, as added by Laws 2000, chapter 399, 
*article 1, section 124, is effective July 1, 2001.  Laws 2000, 
*chapter 399, article 1, section 130.