Alaska § 45.29.623 - Right to redeem collateral.
Full text of Alaska Alaska Statutes § 45.29.623 — Right to redeem collateral., with citation guidance and answers to common questions.
§ 45.29.623. Right to redeem collateral.
(a) A debtor, a secondary obligor, or 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 fees described in AS 45.29.615 (a)(1).
(c) A redemption may occur at any time before a secured party has (1) collected collateral under AS 45.29.607 ;
(2) disposed of collateral or entered into a contract for its disposition under AS 45.29.610 ; or
(3) accepted collateral in full or partial satisfaction of the obligation it secures under AS 45.29.622 .
Frequently Asked Questions About Alaska § 45.29.623
What does Alaska Statutes § 45.29.623 cover?
Section 45.29.623 ("Right to redeem collateral.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.29.623?
A common citation format is "Alaska Statutes § 45.29.623" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.29.623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.