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.
Acts 1985, No. 592, §1, eff. July 13, 1985; Acts 1986, No. 213, §1.
{{NOTE: SEE ACTS 1986, NO. 213, §2.}}