House Status:
Senate Status:
Senate Status:
2017 Statute
Prev | Article 14. - UNIFORM ACT REGULATING TRAFFIC; DEFINITIONS | Next |
8-1463. "Security interest" means an interest in a vehicle reserved or created by agreement and which secures payment or performance of an obligation. The term includes the interest of a lessor under a lease intended as security. A security interest is "perfected" when it is valid against third parties generally, subject only to specific statutory exceptions. |
History: L. 1974, ch. 33, § 8-1463; July 1. |
Prev | Article 14. - UNIFORM ACT REGULATING TRAFFIC; DEFINITIONS | Next |