There is a newer version of the Wisconsin Statutes & Annotations
2011 Wisconsin Code
Chapter 409. Uniform commercial code--secured transactions.
409.623 Right to redeem collateral.
409.623
409.623 Right to redeem collateral.409.623(1)
(1) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.409.623(2)
(2) Requirements for redemption. To redeem collateral, a person shall tender:409.623(2)(a)
(a) Fulfillment of all obligations secured by the collateral; and409.623(2)(b)
(b) The reasonable expenses and attorney fees described in s. 409.615 (1) (a).409.623(3)
(3) When redemption may occur. A redemption may occur at any time before a secured party:409.623(3)(a)
(a) Has collected collateral under s. 409.607;409.623(3)(b)
(b) Has disposed of collateral or entered into a contract for its disposition under s. 409.610; or409.623(3)(c)
(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 409.622.409.623 - ANNOT.
History: 2001 a. 10.Disclaimer: These codes may not be the most recent version. Wisconsin may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.