North Carolina § 44A-1 - Definitions.

§ 44A-1. Definitions.

As used in this Article: "Legal possessor" means Any person entrusted with possession of personal property by an owner thereof, or Any person in possession of personal property and entitled thereto by operation of law. "Lienor" means any person entitled to a lien under this Article. "Motor Vehicle" has the meaning provided in G.S. 20-4.01. "Owner" means Any person having legal title to the property, or A lessee of the person having legal title, or A debtor entrusted with possession of the property by a secured party, or A secured party entitled to possession, or Any person entrusted with possession of the property by his employer or principal who is an owner under any of the above. "Secured party" means a person holding a security interest. "Security interest" means any interest in personal property which interest is subject to the provisions of Article 9 of the Uniform Commercial Code, or any other interest intended to create security in real or personal property. "Vessel" has the meaning provided in G.S. 75A-2. History (1967, c. 1029, s. 1; 1991, c. 731, s. 1.) Legal Periodicals. - For article concerning liens on personal property not governed by the Uniform Commercial Code, see 44 N.C.L. Rev. 322 (1966).