Ky. Rev. Stat. § 355.9-623

Current through Acts Received April 24, 2024
Section 355.9-623 - Right to redeem collateral
(1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(2) To redeem collateral, a person shall tender:
(a) Fulfillment of all obligations secured by the collateral; and
(b) The reasonable expenses and attorney's fees described in KRS 355.9-615(1)(a).
(3) A redemption may occur at any time before a secured party:
(a) Has collected collateral under KRS 355.9-607;
(b) Has disposed of collateral or entered into a contract for its disposition under KRS 355.9-610; or
(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under KRS 355.9-622.

KRS 355.9-623

Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 141, effective7/1/2001.