§ 70A-9a-623. Right to redeem collateral.

Latest version.

(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 Subsection 70A-9a-615(1)(a).

(3)

A redemption may occur at any time before a secured party:

(a)	has collected collateral under Section 70A-9a-607;

(b)	has disposed of collateral or entered into a contract for its disposition under Section 70A-9a-610; or

(c)	has accepted collateral in full or partial satisfaction of the obligation it secures under Section 70A-9a-622.

Enacted by Chapter 252, 2000 General Session

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');