Louisiana Revised Statutes 9:3372 – Sale/lease-back defined
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 9:3372
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
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.
Acts 2001, No. 866, §1.