South Dakota § 57A-9-623 Persons who may redeem collateral--Procedure.

South Dakota Statutes

§ 57A-9-623 — Persons who may redeem collateral--Procedure.

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-6 SECURED TRANSACTIONS

(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 § 57A-9-615(a)(1).

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

(1)Has collected collateral under § 57A-9-607 ;

(2)Has disposed of collateral or entered into a contract for its disposition under § 57A-9-610 ; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under § 57A-9-622 .

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(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 § 57A-9-615(a)(1). (c) A redemption may occur at any time before a secured party: (1) Has collected collateral under § 57A-9-607 ; (2) Has disposed of collateral or entered into a contract for its disposition under § 57A-9-610 ; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under § 57A-9-622 .

South Dakota § 57A-9-623 (Persons who may redeem collateral--Procedure.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.