Georgia § 11-9-623 Right to redeem collateral

Georgia Statutes

§ 11-9-623 — Right to redeem collateral

Georgia § 11-9-623

Title11

This text of Georgia § 11-9-623 (Right to redeem collateral) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 11-9-623 (2026).

Text

(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 attorney's fees described in paragraph (1) of subsection (a) of Code Section 11-9-615 .

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

(1)Has collected collateral under Code Section 11-9-607 ;

(2)Has disposed of collateral or entered into a contract for its disposition under Code Section 11-9-610 ; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Code Section 11-9-622 .

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

(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 attorney's fees described in paragraph (1) of subsection (a) of Code Section 11-9-615 . (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) Has collected collateral under Code Section 11-9-607 ; (2) Has disposed of collateral or entered into a contract for its disposition under Code Section 11-9-610 ; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Code Section 11-9-622 .