Utah § 70A-9a-623 Right to redeem collateral.

Utah Statutes

§ 70A-9a-623 — Right to redeem collateral.

Utah § 70A-9a-623

Title 70AUniform Commercial Code

Ch. 70A-9aUniform Commercial Code - Secured Transactions

Part 70A-9a-6Default

This text of Utah § 70A-9a-623 (Right to redeem collateral.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-9a-623 (2026).

Text

(1)A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

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

(2)(a) fulfillment of all obligations secured by the collateral; and

(2)(b) the reasonable expenses and attorney's fees described in Subsection 70A-9a-615(1)(a).

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

(3)(a) has collected collateral under Section 70A-9a-607;

(3)(b) has disposed of collateral or entered into a contract for its disposition under Section 70A-9a-610; or

(3)(c) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 70A-9a-622.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(2) To redeem collateral, a person shall tender:

(2)(a) fulfillment of all obligations secured by the collateral; and
(2)(b) the reasonable expenses and attorney's fees described in Subsection 70A-9a-615(1)(a).
(3) A redemption may occur at any time before a secured party:

(3)(a) has collected collateral under Section 70A-9a-607;
(3)(b) has disposed of collateral or entered into a contract for its disposition under Section 70A-9a-610; or
(3)(c) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 70A-9a-622.