Minnesota § 336.9-623 336.9-623 RIGHT TO REDEEM COLLATERAL.

Minnesota Statutes

§ 336.9-623 — 336.9-623 RIGHT TO REDEEM COLLATERAL.

Minnesota § 336.9-623

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 336UNIFORM COMMERCIAL CODE

This text of Minnesota § 336.9-623 (336.9-623 RIGHT TO REDEEM COLLATERAL.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 336.9-623 (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 attorneys fees described in section336.9-615(a)(1).

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

(1)has collected collateral under section336.9-607;

(2)has disposed of collateral or entered into a contract for its disposition under section336.9-610; or

(3)has accepted collateral in full or partial satisfaction of the obligation it secures under section336.9-622.

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(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 attorneys fees described in section336.9-615(a)(1).
(c)When redemption may occur.A redemption may occur at any time before a secured party:
(1) has collected collateral under section336.9-607;
(2) has disposed of collateral or entered into a contract for its disposition under section336.9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section336.9-622.