Me. Rev. Stat. » Title 11
Maine Revised Statutes

Me. Rev. Stat. tit. 11, § 9-506 (2026)

Debtor's right to redeem collateral

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1999, c. 699, §A1 (RP). PL 1999, c. 699, §A4 (AFF).
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Notes of Decisions
Cited in 2 cases, 1981–1982 · leading case: Ocean Nat'l Bank of Kennebunk v. Odell, 444 A.2d 422 (Me. 1982).
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Ocean Nat'l Bank of Kennebunk v. Odell, 444 A.2d 422 (Me. 1982). “11 M.R.S.A. § 9-506 provides: Debtor’s right to redeem collateral At any time before the secured party has disposed of collateral or entered into a contract for its disposition under section 9-504 or before the obligation has been discharged under section 9-505, subsection (2)…”
In Re Davis, 14 B.R. 226 (Bankr. D. Me. 1981). “e § 506(b) provides: (b) To the extent that an allowed secured claim is secured by property the value of which, after any recovery under subsection (c) of this section, is greater than the amount of such claim, there shall be allowed to the holder of such claim, interest on such…”
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