(a) A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.(b) To redeem collateral, a person shall tender:(1) Fulfillment of all obligations secured by the collateral; and(2) The reasonable expenses and attorney's fees described in subdivision (1) of subsection (a) of section 42a-9-615.(c) A redemption may occur at any time before a secured party:(1) Has collected collateral under section 42a-9-607;(2) Has disposed of collateral or entered into a contract for its disposition under section 42a-9-610; or(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 42a-9-622.(P.A. 01-132, S. 120.)Annotations to former section 42a-9-506:Cited. 216 C. 458.Cited. 24 CA 455.
Connecticut Legal Code