Terms Used In Louisiana Revised Statutes 56:1623

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

Any sale, lease, exchange, transfer, or assignment by any of the persons mentioned in La. Rev. Stat. 56:1621 of any rights, property, or things of value acquired in violation of that Section shall be null and void ab-initio.