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Can you summarize NVRS 104.9623?
Uniform Commercial CodeOriginal Articles > Redemption of collateral.
Short Summary
1.A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral. 2.To redeem collateral, a person must tender: (a)Fulfillment of all obligations secured by the collateral; and (b)The reasonable expenses and attorneys fees described in paragraph (a) of subsection 1 of NRS 104.9615 . 3.A redemption may occur at any time before a secured party: (a)Has collected collateral under NRS 104.9607 ; (b)Has disposed of collateral or entered into a contract for its disposition under NRS 104.9610 ; or (c)Has accepted collateral in full or partial satisfaction of the obligation it secures under NRS 104.9622 . (Added to NRS by 1999, 358)
Jurisdiction
Nevada