Section 400.9-623 - 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; and(2) The reasonable expenses and attorney's fees described in section 400.9-615(a)(1).(c) A redemption may occur at any time before a secured party:(1) Has collected collateral under section 400.9-607;(2) Has disposed of collateral or entered into a contract for its disposition under section 400.9-610; or(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 400.9-622.L. 2001 S.B. 288
Effective 7/1/2001