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2016 Kentucky Revised Statutes
CHAPTER 355 - UNIFORM COMMERCIAL CODE
Article 9 - Secured Transactions -- Sales of Accounts, Contract Rights, and Chattel Paper
355.9-623 Right to redeem collateral.

KY Rev Stat § 355.9-623 (2016) What's This?

Download as PDF 355.9-623 Right to redeem collateral. (1) (2) (3) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. To redeem collateral, a person shall tender: (a) Fulfillment of all obligations secured by the collateral; and (b) The reasonable expenses and attorney's fees described in KRS 355.9615(1)(a). A redemption may occur at any time before a secured party: (a) Has collected collateral under KRS 355.9-607; (b) Has disposed of collateral or entered into a contract for its disposition under KRS 355.9-610; or (c) Has accepted collateral in full or partial satisfaction of the obligation it secures under KRS 355.9-622. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 141, effective July 1, 2001.

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