Statute · California Commercial Code
Cal. Com. Code § 9623 — Default
Cal. Com. Code § 9623
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 2000-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
Citator
Cal. Com. Code § 9623 — Default is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) To redeem collateral, a person shall tender both of the following:
(1) Fulfillment of all obligations secured by the collateral.
(2) The reasonable expenses and attorney’s fees described in paragraph (1) of subdivision (a) of Section 9615.
(c) A redemption may occur at any time before a secured party has done any of the following:
(1) Collected collateral under Section 9607.
(2) Disposed of collateral or entered into a contract for its disposition under Section 9610.
(3) Accepted collateral in full or partial satisfaction of the obligation it secures under Section 9622.