---
urn: urn:us-la:rs:9:3372
citation: "R.S. 9:3372"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title IX › Chapter 4"
acts_citations:
  - { year: 2001, number: 866, section: 1, effective_date: null, role: enactment }
---

# 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.