§ 9-623 — Right to Redeem Collateral

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