Indiana § 26-1-9.1-623 Right to redeem collateral

Indiana Statutes

§ 26-1-9.1-623 — Right to redeem collateral

Indiana § 26-1-9.1-623

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-623 (Right to redeem collateral) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-9.1-623 (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 IC 26-1-9.1-615(a)(1).

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

(1)has collected collateral under IC 26-1-9.1-607;

(2)has disposed of collateral or entered into a contract for its disposition under IC 26-1-9.1-610; or

(3)has accepted collateral in full or partial satisfaction of the obligation it secures under IC 26-1-9.1-622.

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(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 IC 26-1-9.1-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) has collected collateral under IC 26-1-9.1-607;
(2) has disposed of collateral or entered into a contract for its
disposition under IC 26-1-9.1-610; or
(3) has accepted collateral in full or partial satisfaction of the
obligation it secures under IC 26-1-9.1-622.