N.D. Cent. Code § 41-09-118: (9-623) Right to redeem collateral
Where this section sits in the code
- Title 41 Uniform Commercial Code
- Chapter 41-09 Secured Transactions
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 fees described in subdivision a of subsection 1 of section 41-09-111.
3.A redemption may occur at any time before a secured party:
a.Has collected collateral under section 41-09-104;
b.Has disposed of collateral or entered into a contract for its disposition under section 41-09-107; or
c.Has accepted collateral in full or partial satisfaction of the obligation it secures under section 41-09-117.
Collected 2026-09-02T21:04:14Z. Source file · JSON