NRS484D.045. “Security interest” defined.  


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  •   “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.

      (Added to NRS by 1969, 1480)—(Substituted in revision for NRS 484.159)