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.