30-9A-623. Right to redeem collateral. - Montana Statutes

     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.