Georgia § 11-9-623 - Right to redeem collateral.
Full text of Georgia Official Code of Georgia Annotated § 11-9-623 — Right to redeem collateral., with citation guidance and answers to common questions.
§ 11-9-623. Right to redeem collateral.
Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. Requirements for redemption. To redeem collateral, a person shall tender: Fulfillment of all obligations secured by the collateral; and The reasonable expenses and attorney's fees described in paragraph (1) of subsection (a) of Code Section 11-9-615. When redemption may occur. A redemption may occur at any time before a secured party: Has collected collateral under Code Section 11-9-607 ; Has disposed of collateral or entered into a contract for its disposition under Code Section 11-9-610 ; or Has accepted collateral in full or partial satisfaction of the obligation it secures under Code Section 11-9-622 . (Code 1981, § 11-9-623 , enacted by Ga. L. 2001, p. 362, § 1.)
Frequently Asked Questions About Georgia § 11-9-623
What does Official Code of Georgia Annotated § 11-9-623 cover?
Section 11-9-623 ("Right to redeem collateral.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 11-9-623?
A common citation format is "Official Code of Georgia Annotated § 11-9-623" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 11-9-623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.