Secured Transactions

ORS 79.0623
UCC 9-623


(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 fees described in ORS 79.0615 (UCC 9-615) (1)(a).

(3)

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

(a)

Has collected collateral under ORS 79.0607 (UCC 9-607);

(b)

Has disposed of collateral or entered into a contract for its disposition under ORS 79.0610 (UCC 9-610); or

(c)

Has accepted collateral in full or partial satisfaction of the obligation it secures under ORS 79.0622 (UCC 9-622). [2001 c.445 §121]

Source

Last accessed
May 30, 2023