Mo. Rev. Stat. § 400.9-623
Right to redeem collateral
Missouri · Revised Statutes of Missouri Chapter 400 — Uniform Commercial Code · Status: effective · Effective 2001-07-01
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- Citation
- Mo. Rev. Stat. § 400.9-623, Right to redeem collateral, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815342
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Full 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:
(1) Fulfillment of all obligations secured by the collateral; and
(2) The reasonable expenses and attorney's fees described in section 400.9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 400.9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under section 400.9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 400.9-622.