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NEW HAMPSHIRE STATUTES AND CODES

Section 382-A:9-623 Right to Redeem Collateral.


      (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
      (b) Requirements for redemption. 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 9-615(a)(1).
      (c) When redemption may occur. A redemption may occur at any time before a secured party:
         (1) has collected collateral under Section 9-607;
         (2) has disposed of collateral or entered into a contract for its disposition under Section 9-610; or
         (3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 9-622.

Source. 2001, 102:25, eff. July 1, 2001.

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