When equipment is sold to, and is contemporaneously leased under a true or financed lease by the vendee/lessor back to the vendor/lessee, the filing of a financing statement as provided in R.S. 9:3342(B) suffices for the transfer of ownership of the equipment as against third persons.
La. R.S. 9:3310.1
Constructive delivery and possession in sale/lease-back situations
Known as the Louisiana Lease of Movables Act
The act spans §§ 9–9 (43 sections).
Acts 1989, No. 137, §4, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.