2013 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-9623 Right to redeem collateral

AZ Rev Stat § 47-9623 (through 1st Reg Sess 51st Leg. 2013) What's This?

47-9623. Right to redeem collateral

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 fees described in section 47-9615, subsection A, paragraph 1.

C. A redemption may occur at any time before a secured party:

1. Has collected collateral under section 47-9607;

2. Has disposed of collateral or entered into a contract for its disposition under section 47-9610; or

3. Has accepted collateral in full or partial satisfaction of the obligation it secures under section 47-9622.

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