§ 11-157. Security interest.
"Security interest":
(1) Means an interest in a vehicle that is reserved or created by agreement and that secures payment or performance of an obligation; and
(2) Includes the interest of a lessor under a lease intended as security.
[An. Code 1957, art. 661/2, § 1-183; 1977, ch. 14, § 2.]
§ 11-157. Security interest.
"Security interest":
(1) Means an interest in a vehicle that is reserved or created by agreement and that secures payment or performance of an obligation; and
(2) Includes the interest of a lessor under a lease intended as security.
[An. Code 1957, art. 661/2, § 1-183; 1977, ch. 14, § 2.]
§ 11-157. Security interest.
"Security interest":
(1) Means an interest in a vehicle that is reserved or created by agreement and that secures payment or performance of an obligation; and
(2) Includes the interest of a lessor under a lease intended as security.
[An. Code 1957, art. 661/2, § 1-183; 1977, ch. 14, § 2.]
