2011 Kansas Code
Chapter 84. - UNIFORM COMMERCIAL CODE
Article 9. - SECURED TRANSACTIONS
84-9-623 Right to redeem collateral.
84-9-623. Right to redeem collateral. (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) Requirements for redemption. To redeem collateral, a person shall tender:
(1) Fulfillment of all obligations secured by the collateral; and
(2) the reasonable expenses and attorney fees described in K.S.A. 2010 Supp. 84-9-615(a)(1) and amendments thereto.
(c) When redemption may occur. A redemption may occur at any time before a secured party:
(1) Has collected collateral under K.S.A. 2010 Supp. 84-9-607 and amendments thereto;
(2) has disposed of collateral or entered into a contract for its disposition under K.S.A. 2010 Supp. 84-9-610 and amendments thereto; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under K.S.A. 2010 Supp. 84-9-622 and amendments thereto.
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