30-9A-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 attorneys fees described in 30-9A-615(1)(a).
(3) A redemption may occur at any time before a secured party:
(a) has collected collateral under 30-9A-607;
(b) has disposed of collateral or entered into a contract for its disposition under 30-9A-610; or
(c) has accepted collateral in full or partial satisfaction of the obligation it secures under 30-9A-622.
History: En. Sec. 120, Ch. 305, L. 1999; Sec. 30-9-623, MCA 1999; redes. 30-9A-623 by Code Commissioner, 2001.
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