Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 84-9-623 - 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 fees described in K.S.A. 2023 Supp. 84-9-615(a)(1), and amendments thereto.(c)When redemption may occur. A redemption may occur at any time before a secured party: (1) Has collected collateral under K.S.A. 2023 Supp. 84-9-607, and amendments thereto;(2) has disposed of collateral or entered into a contract for its disposition under K.S.A. 2023 Supp. 84-9-610, and amendments thereto; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under K.S.A. 2023 Supp. 84-9-622, and amendments thereto. L. 2000, ch. 142, § 121; 7/1/2001.