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O.C.G.A. § 11-9-623

Right to redeem collateral

Code 1981, § 11-9-623, enacted by Ga

(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(b) Requirements for redemption.

son shall tender:

To redeem collateral, a per-

(1) Fulfillment of all obligations secured by the collateral; and

(2) The reasonable expenses and attorney’ fees described in paragraph (1) of subsection (a) of Code Section 11-9-615.

(c) When redemption may occur. Aredemption may occur at any

time before a secured party:

(1) Has collected collateral under Code Section 11-9-607;

(2) Has disposed of collateral or entered into a contract for its disposition under Code Section 11-9-610; or

(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Code Section 11-9-622.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.