(9-623) Right to redeem collateral
N.D. Cent. Code § 41-09-118
in effect41-09-118. (9-623) Right to redeem collateral
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's fees described in subdivision a of
subsection 1 of section 41-09-111.
3. A redemption may occur at any time before a secured party:
a. Has collected collateral under section 41-09-104;
b. Has disposed of collateral or entered into a contract for its disposition under
section 41-09-107; or
c. Has accepted collateral in full or partial satisfaction of the obligation it secures
under section 41-09-117.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c09.pdf#nameddest=41-09-118Fetched: 10/16/2026