Tex. Bus. & Com. Code § 9.623 · Subchapter F. DEFAULT
RIGHT TO REDEEM COLLATERAL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm
- Text hash
- sha256 8f47bc5339f335fb7a30b22d467595f5fd7a33df89373429163d219995821d85
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.607COLLECTION AND ENFORCEMENT BY SECURED PARTY.Printed as Section 9.607
- Tex. Bus. & Com. Code § 9.610DISPOSITION OF COLLATERAL AFTER DEFAULT.Printed as Section 9.610
- Tex. Bus. & Com. Code § 9.615APPLICATION OF PROCEEDS OF DISPOSITION; LIABILITY FOR DEFICIENCY AND RIGHT TO SURPLUS.Printed as Section 9.615(a)(1)
- Tex. Bus. & Com. Code § 9.622EFFECT OF ACCEPTANCE OF COLLATERAL.Printed as Section 9.622
Cited by 3 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 9.623. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.602WAIVER AND VARIANCE OF RIGHTS AND DUTIES.Printed as Section 9.623
- Tex. Bus. & Com. Code § 9.614CONTENTS AND FORM OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL: CONSUMER-GOODS TRANSACTION.Printed as Section 9.623
- Tex. Bus. & Com. Code § 9.624WAIVER.Printed as Section 9.623
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.