- (a) A debtor, a secondary obligor, or 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 fees described in AS 45.29.615(a)(1).
(c) A redemption may occur at any time before a secured party has
- (1) collected collateral under AS 45.29.607;
- (2) disposed of collateral or entered into a contract for its disposition under AS 45.29.610; or
- (3) accepted collateral in full or partial satisfaction of the obligation it secures under AS 45.29.622.