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Current as of January 01, 2023 | Updated by FindLaw Staff
(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) To redeem collateral, a person shall tender:
(1) Fulfillment of all obligations secured by the collateral then due or past due (excluding any sums that would not be due except for an acceleration provision); and
(2) The reasonable expenses and attorney's fees described in Section 75-9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under Section 75-9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under Section 75-9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Section 75-9-622.
Cite this article: FindLaw.com - Mississippi Code Title 75. Regulation of Trade, Commerce and Investments § 75-9-623 - last updated January 01, 2023 | https://codes.findlaw.com/ms/title-75-regulation-of-trade-commerce-and-investments/ms-code-sect-75-9-623/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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