It is declared to be the policy of this state to encourage and foster the leasing of movable property to individuals and businesses, thus promoting economic growth and development. To this end, financed leases, which have previously been construed as conditional sales transactions, are hereby recognized as valid and enforceable in this state.
R.S. 9:3302 active rs title
Declaration of policy ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1985, No. 592, §1, eff. July 13, 1985
- amendment Acts 1986, No. 213, §1