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

Oklahoma Statutes

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

Oklahoma·Title 12A Uniform Commercial Code

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.

Oklahoma § 12A-1-9-623 (Right to redeem collateral.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.