§ 39:1768 — Purchase option

Louisiana § 39:1768

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

All equipment lease purchase contracts shall provide that the lessee shall have the right to purchase any piece of selected equipment at the termination of payments for such piece of equipment as set forth in the lease-purchase contract for a sum not to exceed one dollar.
{{NOTE: SEE ACTS 1985, NO. 758, §§3, 5 AND 6.}}

Legislative History

Acts 1985, No. 758, §2, eff. July 17, 1985.