Commercial Code section 9623

(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.

Source: Section 9623, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=COM§ionNum=9623.­ (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 9623’s source at ca​.gov