Arkansas § 4-9-623 Right to redeem collateral

Arkansas Statutes

§ 4-9-623 — Right to redeem collateral

Arkansas § 4-9-623

Title4

This text of Arkansas § 4-9-623 (Right to redeem collateral) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-9-623 (2026).

Text

(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 .

Free access — add to your briefcase to read the full text and ask questions with AI

(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 .