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S.D. Codified Laws § 57A-9-623 (2026) – Persons who may redeem collateral--Procedure. | Midpage
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South Dakota Codified Laws
Title 57A
Chapter 57A-9
§ 57A-9-623
S.D. Codified Laws § 57A-9-623 (2026)
Persons who may redeem collateral--Procedure.
SL 2000, ch 231 .
(a) A debtor, any secondary obligor, or any 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's fees described in § 57A-9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under §
57A-9-607
;
(2) Has disposed of collateral or entered into a contract for its disposition under §
57A-9-610
; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under §
57A-9-622
.
Source: SL 2000, ch 231 .