Arizona § 47-9623 - Right to redeem collateral
Full text of Arizona Arizona Revised Statutes § 47-9623 — Right to redeem collateral, with citation guidance and answers to common questions.
§ 47-9623. 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 fees described in section 47-9615, subsection A, paragraph 1.
C. A redemption may occur at any time before a secured party:
1. Has collected collateral under section 47-9607;
2. Has disposed of collateral or entered into a contract for its disposition under section 47-9610; or
3. Has accepted collateral in full or partial satisfaction of the obligation it secures under section 47-9622.
Frequently Asked Questions About Arizona § 47-9623
What does Arizona Revised Statutes § 47-9623 cover?
Section 47-9623 ("Right to redeem collateral") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. 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 Arizona § 47-9623?
A common citation format is "Arizona Revised Statutes § 47-9623" (Arizona). 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 Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 47-9623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona 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 Arizona.