(a) Persons that mayredeem. A debtor, any secondary obligor, or any other secured party orlienholder may redeem collateral.
(b) Requirements forredemption. To redeem collateral, a person shall tender:
(1) Fulfillment of allobligations secured by the collateral; and
(2) The reasonableexpenses and attorney's fees described in G.S. 25‑9‑615(a)(1).
(c) When redemption mayoccur. A redemption may occur at any time before a secured party:
(1) Has collected collateralunder G.S. 25‑9‑607;
(2) Has disposed ofcollateral or entered into a contract for its disposition under G.S. 25‑9‑610;or
(3) Has acceptedcollateral in full or partial satisfaction of the obligation it secures underG.S. 25‑9‑622. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)
(a) Persons that mayredeem. A debtor, any secondary obligor, or any other secured party orlienholder may redeem collateral.
(b) Requirements forredemption. To redeem collateral, a person shall tender:
(1) Fulfillment of allobligations secured by the collateral; and
(2) The reasonableexpenses and attorney's fees described in G.S. 25‑9‑615(a)(1).
(c) When redemption mayoccur. A redemption may occur at any time before a secured party:
(1) Has collected collateralunder G.S. 25‑9‑607;
(2) Has disposed ofcollateral or entered into a contract for its disposition under G.S. 25‑9‑610;or
(3) Has acceptedcollateral in full or partial satisfaction of the obligation it secures underG.S. 25‑9‑622. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)
(a) Persons that mayredeem. A debtor, any secondary obligor, or any other secured party orlienholder may redeem collateral.
(b) Requirements forredemption. To redeem collateral, a person shall tender:
(1) Fulfillment of allobligations secured by the collateral; and
(2) The reasonableexpenses and attorney's fees described in G.S. 25‑9‑615(a)(1).
(c) When redemption mayoccur. A redemption may occur at any time before a secured party:
(1) Has collected collateralunder G.S. 25‑9‑607;
(2) Has disposed ofcollateral or entered into a contract for its disposition under G.S. 25‑9‑610;or
(3) Has acceptedcollateral in full or partial satisfaction of the obligation it secures underG.S. 25‑9‑622. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)
