Louisiana Statutes
§ 9:3302 — Declaration of policy
Louisiana·Title 9 Civil Code-Ancillaries
It is declared to be the policy of this state to encourage and foster the leasing of movable property to individuals and businesses, thus promoting economic growth and development. To this end, financed leases, which have previously been construed as conditional sales transactions, are hereby recognized as valid and enforceable in this state.
{{NOTE: SEE ACTS 1986, NO. 213, §2.}}
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Related
Trautman v. Poor
685 So. 2d 516 (Louisiana Court of Appeal, 1996)
Alvis v. CIT GROUP/EQUIPMENT FINANCING
918 So. 2d 1177 (Louisiana Court of Appeal, 2005)
McKoin Starter and Generator, Inc. v. Snap-On Credit Corp.
850 So. 2d 924 (Louisiana Court of Appeal, 2003)
Legislative History
Acts 1985, No. 592, §1, eff. July 13, 1985; Acts 1986, No. 213, §1.
Nearby Sections
15
§ 9:3301
§ 9:3301§ 9:3302
Declaration of policy§ 9:3303
Scope§ 9:3304
Exclusions§ 9:3306
Definitions§ 9:3307
Terms§ 9:3309
§ 9:3309§ 9:3310
Financed leases