Ark. Code § 4-9-623

Current with legislation from 2024 effective through May 3, 2024.
Section 4-9-623 - 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 § 4-9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) has collected collateral under § 4-9-607;
(2) has disposed of collateral or entered into a contract for its disposition under § 4-9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 4-9-622.

Ark. Code § 4-9-623

Acts 2001, No. 1439, § 1.