Maryland Statutes

§ 9-623

Maryland·Article gcl Commercial Law·Title 9
(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 § 9-615(a)(1).
(c)A redemption may occur at any time before a secured party:
(1)Has collected collateral under § 9-607;
(2)Has disposed of collateral or entered into a contract for its disposition under § 9-610; or
(3)Has accepted collateral in full or partial satisfaction of the obligation it secures under § 9-622.

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Nearby Sections

15
§ 9-101
§ 9-101
§ 9-102
§ 9-102
§ 9-103
§ 9-103
§ 9-104
§ 9-104
§ 9-105
§ 9-105
§ 9-106
§ 9-106
§ 9-107
§ 9-107
§ 9-108
§ 9-108
§ 9-109
§ 9-109
§ 9-110
§ 9-110
§ 9-201
§ 9-201
§ 9-202
§ 9-202
§ 9-203
§ 9-203
§ 9-204
§ 9-204
§ 9-205
§ 9-205
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