La. Stat. tit. 9 § 3372
Current with changes from the 2024 Legislative Session
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.
La. R.S. § 9:3372