Nevada § 104.9623 Redemption of collateral

Nevada Statutes

§ 104.9623 — Redemption of collateral

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Default

1. A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral. 2. To redeem collateral, a person must tender:

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

(b)The reasonable expenses and attorney’s fees described in paragraph (a) of subsection 1 of NRS 104.9615 . 3. A redemption may occur at any time before a secured party:

(a)Has collected collateral under NRS 104.9607 ;

(b)Has disposed of collateral or entered into a contract for its disposition under NRS 104.9610 ; or

(c)Has accepted collateral in full or partial satisfaction of the obligation it secures under NRS 104.9622 .

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1. A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.
2. To redeem collateral, a person must tender:
(a) Fulfillment of all obligations secured by the collateral; and
(b) The reasonable expenses and attorney’s fees described in paragraph (a) of subsection 1 of NRS 104.9615 .
3. A redemption may occur at any time before a secured party:
(a) Has collected collateral under NRS 104.9607 ;
(b) Has disposed of collateral or entered into a contract for its disposition under NRS 104.9610 ; or
(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under NRS 104.9622 .

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