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§ 1-9-623. Right to redeem collateral

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 9. Secured Transactions (Refs & Annos)
Part 6. Default
12A Okl.St.Ann. § 1-9-623
§ 1-9-623. Right to redeem collateral
Currentness
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 paragraph (1) of subsection (a) of Section 1-9-615 of this title.
(c) A redemption may occur at any time before a secured party:
(1) has collected collateral under Section 1-9-607 of this title;
(2) has disposed of collateral or entered into a contract for its disposition under Section 1-9-610 of this title; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 1-9-622 of this title.

Credits

Laws 2000, c. 371, § 130, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-623, OK ST T. 12A § 1-9-623
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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