Validity of agreements as secured transactions. No filing of the premium finance agreement shall be necessary to perfect the validity of such agreement as a secured transaction as against creditors, subsequent purchasers, pledges, and encumbrances, successors, or assigns. (Oct. 9, 1940, ch. 792, ch. III, § 62; Apr. 18, 1966, 80 Stat. 126, Pub. L. 89-403, § 1.) Prior Codifications 1981 Ed., § 35-1562. 1973 Ed., § 35-1372.
District of Columbia Legal Code