Michigan Compiled Laws

Mich. Comp. Laws § 440.9623 (2026)

Right to redeem collateral.

✓ current as of July 2026

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UNIFORM COMMERCIAL CODE

Act 174 of 1962

440.9623 Right to redeem collateral.

Sec. 9623.

(1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(2) To redeem collateral, a person shall tender both of the following:

(a) Fulfillment of all obligations secured by the collateral.

(b) The reasonable expenses and attorney fees described in section 9615(1)(a).

(3) A redemption may occur at any time before a secured party has done 1 of the following:

(a) Has collected collateral under section 9607.

(b) Has disposed of collateral or entered into a contract for its disposition under section 9610.

History: Add. 2000, Act 348, Eff. July 1, 2001

Notes of Decisions

Cited in 2 cases, 2003–2006 · leading case: Fodale v. Waste Mgmt. of Michigan, Inc, 718 N.W.2d 827 (Mich. Ct. App. 2006).

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Fodale v. Waste Mgmt. of Michigan, Inc, 718 N.W.2d 827 (Mich. Ct. App. 2006). · cites it 2× “may unless otherwise agreed in writing after default redeem the collateral by tendering fulfillment of all obligations secured by the collateral as well as expenses reasonably incurred by the secured party in retaking, holding and preparing the collateral for disposition, in…”

In Re Sanders, 291 B.R. 97 (Bankr. E.D. Mich. 2003). “§ 440.9623 provides a debt- or with a right of redemption “any time before a secured party has .”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.