Kansas § 84-9-623 Right to redeem collateral

Kansas Statutes

§ 84-9-623 — Right to redeem collateral

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 9 SECURED TRANSACTIONS

(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 fees described in K.S.A. 2024 Supp. 84-9-615(a)(1), and amendments thereto.

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

(1)Has collected collateral under K.S.A. 2024 Supp. 84-9-607, and amendments thereto;

(2)has disposed of collateral or entered into a contract for its disposition under K.S.A. 2024 Supp. 84-9-610, and amendments thereto; or

(3)has accepted collateral in full or partial satisfaction of the obligation it secures under K.

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 fees described in K.S.A. 2024 Supp. 84-9-615(a)(1), and amendments thereto.
(c) When redemption may occur. A redemption may occur at any time before a secured party:
(1) Has collected collateral under K.S.A. 2024 Supp. 84-9-607, and amendments thereto;
(2) has disposed of collateral or entered into a contract for its disposition under K.S.A. 2024 Supp. 84-9-610, and amendments thereto; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under K.S.A. 2024 Supp. 84-9-622, and amendments thereto.

Kansas § 84-9-623 (Right to redeem collateral) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.