Cal. Commercial Code § 9623
Cal. Commercial Code § 9623
California · California Commercial Code · Status: effective · Effective 2000-01-01
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- Citation
- Cal. Commercial Code § 9623, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790743
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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 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.