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 § 57A-9-623

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6SECURED TRANSACTIONS

This text of South Dakota § 57A-9-623 (Persons who may redeem collateral--Procedure.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-9-623 (2026).

Text

(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 .