1. MCA Contents
  2. TITLE 30
  3. CHAPTER 9A
  4. Part 6
  5. 30-9A-623 Right to redeem collateral

Montana Code Annotated 2017

TITLE 30. TRADE AND COMMERCE

CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS

Part 6. Default

Right To Redeem Collateral

30-9A-623. Right to redeem collateral. (1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(2) To redeem collateral, a person shall tender:

(a) fulfillment of all obligations secured by the collateral; and

(b) the reasonable expenses and attorneys fees described in 30-9A-615(1)(a).

(3) A redemption may occur at any time before a secured party:

(a) has collected collateral under 30-9A-607;

(b) has disposed of collateral or entered into a contract for its disposition under 30-9A-610; or

(c) has accepted collateral in full or partial satisfaction of the obligation it secures under 30-9A-622.

History: En. Sec. 120, Ch. 305, L. 1999; Sec. 30-9-623, MCA 1999; redes. 30-9A-623 by Code Commissioner, 2001.