60-659. Security interest, defined.
57 words·~1 min read·
/ne/chapter-60/60-659A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.