Oklahoma § 12A-1-9-623 Right to redeem collateral.

Oklahoma Statutes

§ 12A-1-9-623 — Right to redeem collateral.

Oklahoma § 12A-1-9-623

Title 12AUniform Commercial Code

This text of Oklahoma § 12A-1-9-623 (Right to redeem collateral.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 12A, § 12A-1-9-623 (2026).

Text

RIGHT TO REDEEM COLLATERAL (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

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

(1)fulfillment of all obligations secured by the collateral; and (2) the reasonable expenses and attorney’s fees described in paragraph (1) of subsection (a) of Section 1-9-615 of this title.

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

(1)has collected collateral under Section 1-9-607 of this title;

(2)has disposed of collateral or entered into a contract for its disposition under Section 1-9-610 of this title; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 1-9-622 of this title.

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