Louisiana Revised Statutes 22:388 – Contracts not in compliance
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 22:388
- Contract: A legal written agreement that becomes binding when signed.
- Property: means all classes of movable or immovable property recognized under the laws of this state. See Louisiana Revised Statutes 22:381
- Residual value: shall mean the value of property at a specific future time, which value is determined by agreement at the time the contract of lease or sale is entered into. See Louisiana Revised Statutes 22:381
Any property residual value insurance policy issued in violation of any provisions of this Subpart shall be an enforceable and valid contract unless otherwise invalid.
Added by Acts 1981, No. 472, §1, eff. July 19, 1981; Redesignated from La. Rev. Stat. 22:1907 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.