2011 Louisiana Laws
CC 2480 — Retention of possession by seller, presumption of simulation
Art. 2480. Retention of possession by seller, presumption of simulation
When the thing sold remains in the corporeal possession of the seller the sale is presumed to be a simulation, and, where the interest of heirs and creditors of the seller is concerned, the parties must show that their contract is not a simulation.
Acts 1993, No. 841, §1, eff. Jan. 1, 1995.
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