Montana § 30-9A-623 Right To Redeem Collateral

Montana Statutes

§ 30-9A-623 — Right To Redeem Collateral

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 6 Default

30-9A-623 . Right to redeem collateral.

(1)A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(2)To redeem collateral, a person shall tender:

(a)fulfillment of all obligations secured by the collateral; and

(b)the reasonable expenses and attorneys fees described in 30-9A-615 (1)(a).

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

(a)has collected collateral under 30-9A-607 ;

(b)has disposed of collateral or entered into a contract for its disposition under 30-9A-610 ; or

(c)has accepted collateral in full or partial satisfaction of the obligation it secures under 30-9A-622 .

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30-9A-623 . Right to redeem collateral. (1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(2) To redeem collateral, a person shall tender:
(a) fulfillment of all obligations secured by the collateral; and
(b) the reasonable expenses and attorneys fees described in 30-9A-615 (1)(a).
(3) A redemption may occur at any time before a secured party:
(a) has collected collateral under 30-9A-607 ;
(b) has disposed of collateral or entered into a contract for its disposition under 30-9A-610 ; or
(c) has accepted collateral in full or partial satisfaction of the obligation it secures under 30-9A-622 .

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