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Fla. Stat. § 679.623

Right to redeem collateral

Known as the Uniform Commercial Code

The act spans §§ 679.1011 to 679.902 (152 sections).

Applied in 3 court decisions — leading case In Re Menasche (2003)

Most recently applied in Nelson v. Arlington Auto Exchange (In re Nelson) (December 2014)

History.--s. 7, ch. 2001-198.

How often courts cite this section

20032010201410
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(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 attorney’s fees described in s. 679.615(1)(a).

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

(a) Has collected collateral under s. 679.607;

(b) Has disposed of collateral or entered into a contract for its disposition under s. 679.610; or

(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 679.622.

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.