State Codes and Statutes
Statutes > Missouri > T26 > C400 > 400_9-623Right to redeem collateral.
400.9-623. (a) A debtor, any secondary obligor, or any other securedparty 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 section400.9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 400.9-607;
(2) Has disposed of collateral or entered into a contract for itsdisposition under section 400.9-610; or
(3) Has accepted collateral in full or partial satisfaction of theobligation it secures under section 400.9-622.
(L. 2001 S.B. 288)Effective 7-01-01
