57A-9-623. Persons who may redeem collateral--Procedure.

(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 § 57A-9-615(a)(1).

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

(1)    Has collected collateral under § 57A-9-607;

(2)    Has disposed of collateral or entered into a contract for its disposition under § 57A-9-610; or

(3)    Has accepted collateral in full or partial satisfaction of the obligation it secures under § 57A-9-622.

Source: SL 2000, ch 231.