355.9-623 Right to redeem collateral. (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 KRS 355.9- 615(1)(a). (3) A redemption may occur at any time before a secured party: (a) Has collected collateral under KRS 355.9-607; (b) Has disposed of collateral or entered into a contract for its disposition under KRS 355.9-610; or (c) Has accepted collateral in full or partial satisfaction of the obligation it secures under KRS 355.9-622. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 141, effective July 1, 2001.
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