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2019 Alaska Statutes
Title 45. Trade and Commerce
Chapter 29. Secured Transactions
Article 6. Default.
Sec. 45.29.623. Right to redeem collateral.
Universal Citation: AK Stat § 45.29.623 (2019)
(a) A debtor, a secondary obligor, or 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 fees described in AS 45.29.615(a)(1).
(c) A redemption may occur at any time before a secured party has
(1) collected collateral under AS 45.29.607;
(2) disposed of collateral or entered into a contract for its disposition under AS 45.29.610; or
(3) accepted collateral in full or partial satisfaction of the obligation it secures under AS 45.29.622.
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