Vermont § 623 - § 9—623.
Full text of Vermont Vermont Statutes Online § 623 — § 9—623., with citation guidance and answers to common questions.
§ 623. § 9—623.
- 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’s fees described in subdivision 9—615(a)(1) of this title. (c) A redemption may occur at any time before a secured party: (1) has collected collateral under section 9—607 of this title; (2) has disposed of collateral or entered into a contract for its disposition under section 9—610 of this title; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures
under section 9—622 of this title. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 623
What does Vermont Statutes Online § 623 cover?
Section 623 ("§ 9—623.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 623?
A common citation format is "Vermont Statutes Online § 623" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.