Nebraska Statutes

§ 60-659 — Security interest, defined

Nebraska·Ch. 60 Motor Vehicles
Security interest shall mean an equitable title or property right in a vehicle reserved or created by agreement and which secures payment or performance of an obligation, including the interest of a lessor under a lease intended as security, and which is perfected when it is valid against third parties generally, subject only to specific statutory exceptions.

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Legislative History

Source: Laws 1993, LB 370, § 155.

Nearby Sections

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