2018 Missouri Revised Statutes
Title XXVI - Trade and Commerce
Chapter 400 - Uniform Commercial Code
Section 400.9-623 Right to redeem collateral.
Effective 01 Jul 2001, see footnote
Title XXVI TRADE AND COMMERCE
Chapter 400400.9-623. 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's fees described in section 400.9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 400.9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under section 400.9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 400.9-622.
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(L. 2001 S.B. 288)
Effective 7-01-01
