The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 9A : Uniform Commercial Code
Article 009 : Secured Transactions
(Cite as: 9A V.S.A. § 9-623)-
§ 9—623. Right to redeem collateral
(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 subdivision 9—615(a)(1) of this title.
(c) A redemption may occur at any time before a secured party:
(1) has collected collateral under section 9—607 of this title;
(2) has disposed of collateral or entered into a contract for its disposition under section 9—610 of this title; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9—622 of this title. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
