1. (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

2. (b) To redeem collateral, a person shall tender:

   1. (1) Fulfillment of all obligations secured by the collateral; and
   2. (2) The reasonable expenses and attorney's fees described in § 9-615(a)(1).

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

   1. (1) Has collected collateral under § 9-607;
   2. (2) Has disposed of collateral or entered into a contract for its disposition under § 9-610; or
   3. (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under § 9-622.

Added by Acts 1999, c. 282, § 2, eff. July 1, 2001.