Statute 484d 045

'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)