V C Section 5908 Security Interests

Security Interests

5908.  The transferee of a security interest in a registered vehicle need not make application for a transfer of registration when the interest of such transferee arises from a transfer of a security agreement or a lease agreement by the legal owner to the transferee to secure payment or performance of an obligation, and the Uniform Commercial Code shall exclusively control the validity and perfection of such a security interest.

Amended Ch. 819, Stats. 1963. Effective January 1, 1965.