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§ 11-157. Security interest

West's Annotated Code of MarylandTransportation

West's Annotated Code of Maryland
Transportation
Title 11. Vehicle Laws--Definitions; General Provisions (Refs & Annos)
Subtitle 1. Definitions (Refs & Annos)
MD Code, Transportation, § 11-157
§ 11-157. Security interest
Currentness
“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.

Credits

Added by Acts 1977, c. 14, § 2, eff. July 1, 1977.
Formerly Art. 66 ½, § 1-183.
MD Code, Transportation, § 11-157, MD TRANS § 11-157
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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