KRS 355.9-623: Right to redeem collateral.
Where this section sits in the code
(1) A debtor, any secondary obligor, or any other secured party or lienholder may
redeem collateral.
(2) To redeem collateral, a person shall tender:
(a) Fulfillment of all obligations secured by the collateral; and
(b) The reasonable expenses and attorney's f ees described in KRS 355.9 -
615(1)(a).
(3) A redemption may occur at any time before a secured party:
(a) Has collected collateral under KRS 355.9-607;
(b) Has disposed of collateral or entered into a contract for its disposition under
KRS 355.9-610; or
(c) Has accepted collateral in full or partial satisfaction of the obligation it secures
under KRS 355.9-622.
Collected 2026-09-05T20:58:49Z. Source file · JSON