Del. Code tit. 6 § 9-623

Current through 2024 Legislative Session Act Chapter 531
Section 9-623 - Right to redeem collateral
(a) Persons that may redeem. -- A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) Requirements for redemption. -- 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 9-615(a)(1).
(c) When redemption may occur. -- A redemption may occur at any time before a secured party:
(1) has collected collateral under Section 9-607;
(2) has disposed of collateral or entered into a contract for its disposition under Section 9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 9-622.

6 Del. C. § 9-623

72 Del. Laws, c. 401, § 1.;