Texas § BC.9.623 - RIGHT TO REDEEM COLLATERAL
Full text of Texas The Texas Constitution § BC.9.623 — RIGHT TO REDEEM COLLATERAL, with citation guidance and answers to common questions.
§ BC.9.623. RIGHT TO REDEEM COLLATERAL
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 attorneys' fees described in Section 9.615 (a)(1). (c) A redemption may occur at any time before a secured party: (1) has collected collateral under Section 9.607 ; (2) has disposed of collateral or entered into a contract for its disposition under Section 9.610 ; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 9.622 . Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Frequently Asked Questions About Texas § BC.9.623
What does The Texas Constitution § BC.9.623 cover?
Section BC.9.623 ("RIGHT TO REDEEM COLLATERAL") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § BC.9.623?
A common citation format is "The Texas Constitution § BC.9.623" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BC.9.623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.