North Carolina General Statutes 44A-1. Definitions
As used in this Article:
(1) “Legal possessor” means
a. Any person entrusted with possession of personal property by an owner thereof, or
b. Any person in possession of personal property and entitled thereto by operation of law.
Terms Used In North Carolina General Statutes 44A-1
- Lien: A claim against real or personal property in satisfaction of a debt.
- Owner: means
- Personal property: All property that is not real property.
- personal property: shall include moneys, goods, chattels, choses in action and evidences of debt, including all things capable of ownership, not descendable to heirs at law. See North Carolina General Statutes 12-3
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
- Secured party: means a person holding a security interest. See North Carolina General Statutes 44A-1
- 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. See North Carolina General Statutes 44A-1
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(2) “Lienor” means any person entitled to a lien under this Article.
(2a) “Motor Vehicle” has the meaning provided in N.C. Gen. Stat. § 20-4.01
(3) “Owner” means
a. Any person having legal title to the property, or
b. A lessee of the person having legal title, or
c. A debtor entrusted with possession of the property by a secured party, or
d. A secured party entitled to possession, or
e. Any person entrusted with possession of the property by his employer or principal who is an owner under any of the above.
(4) “Secured party” means a person holding a security interest.
(5) “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.
(6) “Vessel” has the meaning provided in N.C. Gen. Stat. § 75A-2 (1967, c. 1029, s. 1; 1991, c. 731, s. 1.)