Section 75-9-623 - 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 then due or past due (excluding any sums that would not be due except for an acceleration provision); and(2) The reasonable expenses and attorney's fees described in Section 75-9-615(a)(1).(c) A redemption may occur at any time before a secured party:(1) Has collected collateral under Section 75-9-607;(2) Has disposed of collateral or entered into a contract for its disposition under Section 75-9-610; or(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Section 75-9-622.
Miss. Code § 75-9-623
Derived from former 1972 Code § 75-9-506 [Codes, 1942, § 41A:9-506; Laws, 1966, ch. 316, § 9-506, eff. 3/31/1968] and enacted by Laws, 2001, ch. 495, § 1, eff. 1/1/2002.