409.623 Right to redeem collateral. (1) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(2) Requirements for redemption. To redeem collateral, a person shall tender:(a) Fulfillment of all obligations secured by the collateral; and(b) The reasonable expenses and attorney fees described in s. 409.615 (1) (a).(3) When redemption may occur. A redemption may occur at any time before a secured party:(a) Has collected collateral under s. 409.607;(b) Has disposed of collateral or entered into a contract for its disposition under s. 409.610; or(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 409.622.History: 2001 a. 10.
Wisconsin Legal Code