2012 Statute
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84-9-623. (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) Requirements for redemption. 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 K.S.A. 2012 Supp. 84-9-615(a)(1), and amendments thereto. (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) Has collected collateral under K.S.A. 2012 Supp. 84-9-607, and amendments thereto; (2) has disposed of collateral or entered into a contract for its disposition under K.S.A. 2012 Supp. 84-9-610, and amendments thereto; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under K.S.A. 2012 Supp. 84-9-622, and amendments thereto. |
History: L. 2000, ch. 142, § 121; July 1, 2001. |
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