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 paragraph (1) of subsection (a) of Section 1-9-615 of this title.(c) A redemption may occur at any time before a secured party:(1) has collected collateral under Section 1-9-607 of this title;(2) has disposed of collateral or entered into a contract for its disposition under Section 1-9-610 of this title; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 1-9-622 of this title.Added by Laws 2000, c. 371, § 130, eff. July 1, 2001.
Oklahoma Legal Code