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Current as of January 01, 2024 | 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; and
(2) The reasonable expenses and attorney's fees described in division (A)(1) of section 1309.615 of the Revised Code.
(C) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 1309.607 of the Revised Code;
(2) Has disposed of collateral or entered into a contract for its disposition under section 1309.610 of the Revised Code; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 1309.622 of the Revised Code.
Cite this article: FindLaw.com - Ohio Revised Code Title XIII. Commercial Transactions § 1309.623 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xiii-commercial-transactions/oh-rev-code-sect-1309-623/
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 before relying on it for your legal needs.
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