Current through Register Vol. 49, No. 8, August 19, 2024
Section 336.9-623 - 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 attorneys fees described in section 336.9-615(a)(1).(c)When redemption may occur. A redemption may occur at any time before a secured party: (1) has collected collateral under section 336.9-607;(2) has disposed of collateral or entered into a contract for its disposition under section 336.9-610; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 336.9-622.