(a. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(1. fulfillment of all obligations secured by the collateral; and
(2. the reasonable expenses and attorney’s fees described in § 8.9A-615 (a) (1).
(c. A redemption may occur at any time before a secured party:
(2. has disposed of collateral or entered into a contract for its disposition under § 8.9A-610; or
(3. has accepted collateral in full or partial satisfaction of the obligation it secures under § 8.9A-622.
History
1964, c. 219, § 8.9-506; 2000, c. 1007.
