Louisiana Statutes
§ 9:3371
Louisiana·Title 9 Civil Code-Ancillaries
§3371. Validity of sale/lease-back commercial transactions
Sale/lease-back commercial transactions involving immovable or movable property with a fair market value in excess of twenty-five thousand dollars and located within this state are hereby declared to be valid and enforceable. Such transaction shall produce and result in the legal consequences described in the written sale/lease-back agreement between the parties and shall not be presumed to be a simulation.
Acts 2001, No. 866, §1.
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Related
Entergy Louisiana, Inc. v. Kennedy
859 So. 2d 74 (Louisiana Court of Appeal, 2003)
Pine Prairie Energy Center, LLC v. Soileau
141 So. 3d 367 (Louisiana Court of Appeal, 2014)
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