44-6706. Repurchase; title; security interest
Upon payment of the repurchase amount to the equipment dealer, the title and right to possession of the repurchased inventory shall transfer or be transferred to the supplier and the equipment dealer shall have a continuing perfected security interest in the inventory until payment by the supplier. The security interest shall be perfected without the filing of a financing statement for a period of six years.
Section: Previous 44-6551 44-6561 44-6701 44-6702 44-6703 44-6704 44-6705 44-6706 44-6707 44-6708 44-6709 44-6751 44-6801 44-6802 44-6803 NextLast modified: October 13, 2016