New York § 9-623 Right to Redeem Collateral

New York Statutes

§ 9-623 — Right to Redeem Collateral

New York § 9-623

JurisdictionNew York

Law UCCUniform Commercial Code

Part 6Default

Subpart 1Default and Enforcement of Security Interest

Art. 9Secured Transactions

This text of New York § 9-623 (Right to Redeem Collateral) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 9-623 (2026).

Text

Section 9--623. Right to Redeem Collateral.\n  (a) Persons that may redeem. A debtor, any secondary obligor, or any\nother secured party or lienholder may redeem collateral.\n  (b) Requirements for redemption. To redeem collateral, a person shall\ntender:\n       (1) fulfillment of all obligations secured by the collateral; and\n       (2) the reasonable expenses and attorney's fees described in\n           Section 9--615(a)(1).\n  (c) When redemption may occur. A redemption may occur at any time\nbefore a secured party:\n       (1) has collected collateral under Section 9--607;\n       (2) has disposed of collateral or entered into a contract for its\n           disposition under Section 9--610; or\n       (3) has accepted collateral in full or partial satisfaction of\n           the obli

Free access — add to your briefcase to read the full text and ask questions with AI

Section 9--623. Right to Redeem Collateral.\n (a) Persons that may redeem. A debtor, any secondary obligor, or any\nother secured party or lienholder may redeem collateral.\n (b) Requirements for redemption. To redeem collateral, a person shall\ntender:\n (1) fulfillment of all obligations secured by the collateral; and\n (2) the reasonable expenses and attorney's fees described in\n Section 9--615(a)(1).\n (c) When redemption may occur. A redemption may occur at any time\nbefore a secured party:\n (1) has collected collateral under Section 9--607;\n (2) has disposed of collateral or entered into a contract for its\n disposition under Section 9--610; or\n (3) has accepted collateral in full or partial satisfaction of\n the obligation it secures under Section 9--622.\n