Sec. 124B-110. Definition; "owner". In this Article, "owner" means a person with an ownership interest in the specific property sought to be forfeited, including a leasehold, lien, mortgage, recorded security interest, or valid assignment of an ownership interest. "Owner" does not include any of the following: (1) A person with only a general unsecured interest in, or claim against, the property or estate of another. (2) A bailee, unless the bailor is identified and the bailee shows a colorable legitimate interest in the property seized. (3) A nominee who exercises no dominion or control over the property. in, or claim against, the property or estate of another. bailee shows a colorable legitimate interest in the property seized. over the property.
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