§ 4-9-623 — 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 reasonable attorney's fees described in
section 4-9-615 (a)(1).

(c) A redemption may occur at any time before a secured party:

(1) Has collected collateral under section 4-9-607;

(2) Has disposed of collateral or entered into a contract for its disposition
under section 4-9-610; or

(3) Has accepted collateral in full or partial satisfaction of the obligation it
secures under section 4-9-622.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1416, � 1, effective July 1.