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2017 Louisiana Laws
Revised Statutes
TITLE 9 - Civil Code-Ancillaries
RS 9:3371 - SALE/LEASE-BACK COMMERCIAL TRANSACTIONS
Universal Citation: LA Rev Stat § 9:3371 (2017)
CHAPTER 4. SALE/LEASE-BACK COMMERCIAL TRANSACTIONS
§3371. Validity of sale/lease-back commercial transactions
Sale/lease-back commercial transactions involving immovable or movable property with a fair market value in excess of twenty-five thousand dollars and located within this state are hereby declared to be valid and enforceable. Such transaction shall produce and result in the legal consequences described in the written sale/lease-back agreement between the parties and shall not be presumed to be a simulation.
Acts 2001, No. 866, §1.
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