Title XXVI TRADE AND COMMERCE Chapter 400 • Effective - 01 Jul 2001, see footnote 400.9-623. Right to redeem collateral. — (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 section 400.9-615(a)(1). (c) A redemption may occur at any time before a secured party: (1) Has collected collateral under section 400.9-607; (2) Has disposed of collateral or entered into a contract for its disposition under section 400.9-610; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 400.9-622. -------- (L. 2001 S.B. 288) Effective 7-01-01
Missouri Legal Code