IC 26-1-9.1-623 — Right to redeem collateral
Chapter 9.1. Secured Transactions
Section text
Sec. 623. (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 IC 26-1-9.1-615(a)(1). (c) A redemption may occur at any time before a secured party: (1) has collected collateral under IC 26-1-9.1-607; (2) has disposed of collateral or entered into a contract for its disposition under IC 26-1-9.1-610; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under IC 26-1-9.1-622.
As added by P.L.57-2000, SEC.45.
Source: official publisher (2026 edition)