Louisiana Statutes
§ 9:3325 — Recovery of liquidated damages
Louisiana·Title 9 Civil Code-Ancillaries
A.The lessor may commence an ordinary proceeding against the lessee, as provided in R.S. 9:3324, to recover amounts then due and owing under the lease as well as such liquidated damages as may be provided under the lease agreement. Any refundable security deposit held by the lessor may be retained and shall be credited against the lessee's liability for liquidated damages and other amounts owed the lessor.
B.The court shall award liquidated damages to the lessor only if it finds the amount thereof to be reasonable. If the court finds the amount of liquidated damages to be unreasonable, or if there is no such stipulation, then the court may, in its discretion, award liquidated damages to the lessor.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 9:3325 (Recovery of liquidated damages) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Bank of the West v. Danny Prince
942 F.3d 697 (Fifth Circuit, 2019)
Lee Sands
(E.D. Louisiana, 2021)
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