RS 45:612
96 words·~1 min read·
/la/title-45/45-283A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 45:612
§612. Retaking of conditionally sold tank cars
If the vendee, lessee or bailee fails to make the payment or to perform the covenants in any contract authorized by R.S. 45:611, the vendor, lessor, or bailor, or any assignee may retake the property in accordance with the terms of the contract; and in case of retaking, the vendee, lessee, or bailee or any assignee has no right of redemption and all payments under the contract shall be forfeited to the vendor, lessor or bailor, or to the party to whom they may have been made.