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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 41-09-118: (9-623) Right to redeem collateral

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Where this section sits in the code
  1. Title 41 Uniform Commercial Code
  2. 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

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