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8-1463

Chapter 8.--AUTOMOBILES AND OTHER VEHICLES Article 14.--UNIFORM ACT REGULATING TRAFFIC; DEFINITIONS

8-1463. "Security interest" defined. "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.

State Codes and Statutes

Statutes > Kansas > Chapter8 > Article14 > Statutes_1942

8-1463

Chapter 8.--AUTOMOBILES AND OTHER VEHICLES Article 14.--UNIFORM ACT REGULATING TRAFFIC; DEFINITIONS

8-1463. "Security interest" defined. "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.

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Statutes > Kansas > Chapter8 > Article14 > Statutes_1942

8-1463

Chapter 8.--AUTOMOBILES AND OTHER VEHICLES Article 14.--UNIFORM ACT REGULATING TRAFFIC; DEFINITIONS

8-1463. "Security interest" defined. "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.