Current with changes through the 2024 First Special Legislative Session
Section 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 9-615(a)(1).(c) A redemption may occur at any time before a secured party:(1) has collected collateral under section 9-607;(2) has disposed of collateral or entered into a contract for its disposition under section 9-610; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9-622.Laws 1999, LB 550, § 198.