Section 7-9A-623 - Right to redeem collateral(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(b) Requirements for redemption. 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 7-9A-615(a)(1).(c) When redemption may occur. A redemption may occur at any time before a secured party: (1) has collected collateral under Section 7-9A-607;(2) has disposed of collateral or entered into a contract for its disposition under Section 7-9A-610; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 7-9A-622.Ala. Code § 7-9A-623 (1975)
Act 2001-481, p. 647, §1.