South Carolina Statutes
§ 36-9-623 — 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 Section 36-9-615(a)(1).
(c)A redemption may occur at any time before a secured party:
(1)has collected collateral under Section 36-9-607;
(2)has disposed of collateral or entered into a contract for its disposition under Section 36-9-610; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 36-9-622.
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South Carolina § 36-9-623 (Right to redeem collateral.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2001 Act No. 67, SECTION 12.
Nearby Sections
15
§ 36-9-101
Short title.§ 36-9-102
Definitions and index of definitions.§ 36-9-104
Control of deposit account.§ 36-9-106
Control of investment property.§ 36-9-107
Control of letter-of-credit right.§ 36-9-108
Sufficiency of description.§ 36-9-109
Scope.§ 36-9-111
UCC lien satisfaction.§ 36-9-202
Title to collateral immaterial.