Commercial Code - COM - COM § 9623

Summary

(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender both of the following: (1) Fulfillment of all obligations secured by the collateral. (2) The reasonable expenses and attorney’s fee

Text

(a)
A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b)
To redeem collateral, a person shall tender both of the following:
(1)
Fulfillment of all obligations secured by the collateral.
(2)
The reasonable expenses and attorney’s fees described in paragraph (1) of subdivision (a)
of Section 9615.
(c)
A redemption may occur at any time before a secured party has done any of the following:
(1)
Collected collateral under Section 9607.
(2)
Disposed of collateral or entered into a contract for its disposition under Section 9610.
(3)
Accepted collateral in full or partial satisfaction of the obligation it secures under Section 9622.

Retrieval chunks

• #1 | Commercial Code - COM - COM § 9623

  (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender both of the following: (1) Fulfillment of all obligations secured by the collateral. (2) The reasonable expenses and attorney’s fees described in paragraph (1) of …