Conn. Gen. Stat. § 42a-9-623

Current with legislation from 2024 effective through June 5, 2024.
Section 42a-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 subdivision (1) of subsection (a) of section 42a-9-615.
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 42a-9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under section 42a-9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 42a-9-622.

Conn. Gen. Stat. § 42a-9-623

( P.A. 01-132, S. 120.)

Annotations to former section 42a-9-506: Cited. 216 Conn. 458. Cited. 24 Conn.App. 455.