North Dakota § 41-09-118 - (9-623) Right to redeem collateral
Full text of North Dakota North Dakota Century Code § 41-09-118 — (9-623) Right to redeem collateral, with citation guidance and answers to common questions.
§ 41-09-118. (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: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 41-09-118
What does North Dakota Century Code § 41-09-118 cover?
Section 41-09-118 ("(9-623) Right to redeem collateral") is part of the North Dakota Century Code, the codified statutory law of North Dakota. 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 North Dakota § 41-09-118?
A common citation format is "North Dakota Century Code § 41-09-118" (North Dakota). 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 North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 41-09-118 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota 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 North Dakota.