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2021 Louisiana Laws
Revised Statutes
Title 9 - Civil Code-Ancillaries
§3372. Sale/lease-back defined
Universal Citation: LA Rev Stat § 9:3372 (2021)
RS 3372 - Sale/lease-back defined
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.
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