RS 9:3371
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/la/title-9/9-1024A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 9:3371
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.