Sec. 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 attorneys' fees described in Section 9.615(a)(1).
(c)  A redemption may occur at any time before a secured party:
(1)  has collected collateral under Section 9.607;
(2)  has disposed of collateral or entered into a contract for its disposition under Section 9.610;  or
(3)  has accepted collateral in full or partial satisfaction of the obligation it secures under Section 9.622.
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.