California · Commercial Code
COM §9623: (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
What this law says, in plain English
A debtor, secondary obligor, secured party, or lienholder has the right to redeem collateral.
Read the full statutory text
(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender both of the following: (1) Fulfillment of all obligations secured by the collateral. (2) The reasonable expenses and attorney’s fees described in paragraph (1) of subdivision (a) of Section 9615. (c) A redemption may occur at any time before a secured party has done any of the following: (1) Collected collateral under Section 9607. (2) Disposed of collateral or entered into a contract for its disposition under Section 9610. (3) Accepted collateral in full or partial satisfaction of the obligation it secures under Section 9622.
Verify at the official source: California legislative text
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