- (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.
“Security interest”:
Added by Acts 1977, c. 14, § 2, eff. July 1, 1977.
Formerly Art. 66 ½, § 1-183.