All equipment lease purchase contracts shall provide that the lessee shall have the right to purchase any piece of selected equipment at the termination of payments for such piece of equipment as set forth in the lease-purchase contract for a sum not to exceed one dollar.
R.S. 39:1768 active rs title
Purchase option ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1985, No. 758, §2, eff. July 17, 1985