RS 9:3372 Sale/lease-back defined
§3372. 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.
Acts 2001, No. 866, §1.