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2016 Statute



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84-9-623.Right to redeem collateral. (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(b) Requirements for redemption. To redeem collateral, a person shall tender:

(1) Fulfillment of all obligations secured by the collateral; and

(2) the reasonable expenses and attorney fees described in K.S.A. 2016 Supp. 84-9-615(a)(1), and amendments thereto.

(c) When redemption may occur. A redemption may occur at any time before a secured party:

(1) Has collected collateral under K.S.A. 2016 Supp. 84-9-607, and amendments thereto;

(2) has disposed of collateral or entered into a contract for its disposition under K.S.A. 2016 Supp. 84-9-610, and amendments thereto; or

(3) has accepted collateral in full or partial satisfaction of the obligation it secures under K.S.A. 2016 Supp. 84-9-622, and amendments thereto.

History: L. 2000, ch. 142, § 121; July 1, 2001.



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2017. Powered by KLISS. Rendered: 2017-12-10T12:06:56. Head Rev No: 341157