Current with legislation from 2024 received as of August 15, 2024.
Section 1309.623 - Right to redeem collateral - UCC 9-623(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 division (A)(1) of section 1309.615 of the Revised Code.(C) A redemption may occur at any time before a secured party: (1) Has collected collateral under section 1309.607 of the Revised Code;(2) Has disposed of collateral or entered into a contract for its disposition under section 1309.610 of the Revised Code; or(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 1309.622 of the Revised Code.Effective Date: 7/1/2001 .