Louisiana Statutes
§ 9:3372 — Sale/lease-back defined
Louisiana·Title 9 Civil Code-Ancillaries
As used in this Chapter, a sale/lease-back is a commercial transaction consisting of a contemporaneous sale of property to a person who contemporaneously leases the property back to the vendor, with the original vendor-lessee retaining physical possession of the property at all times pertinent to the transaction.
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Legislative History
Acts 2001, No. 866, §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