HLS 15RS-3424 ORIGINAL
2015 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 184
BY REPRESENTATIVE EDWARDS
LEASES: Directs the Louisiana State Law Institute to study and make recommendations
to the legislature regarding the Louisiana Lease of Movables Act
1 A CONCURRENT RESOL UTION
2To authorize and direct the Louisiana State Law Institute to study and make
3 recommendations to the Louisiana Legislature regarding the Louisiana Lease of
4 Movables Act and related laws, including but not limited to changes in the law
5 governing such transactions and the need to update the law to reflect present-day
6 commercial and consumer practices.
7 WHEREAS, Part I of Chapter 2 of Code Title IX of Code Book III of Title 9 of the
8Louisiana Revised Statutes contains the Louisiana Lease of Movables Act; and
9 WHEREAS, the general purpose that underlies the Louisiana Lease of Movables Act
10is to encourage and foster the leasing and financing of movable property to individuals and
11businesses in order to promote economic development and growth; and
12 WHEREAS, as commercial transactions have become more complex and the focus
13on consumer protection has become more prominent, various states have taken steps to
14update or improve their laws governing the leasing of equipment and similar movables; and
15 WHEREAS, the Louisiana Lease of Movables Act was enacted in 1985, and, except
16for a number of narrow amendments, has not been reviewed broadly in nearly thirty years;
17and
18 WHEREAS, the legislature should be fully informed as to the continued
19effectiveness of the Louisiana Lease of Movables Act and whether updates, modifications,
20and improvements should be made in order to better align the law in this area with the
21commercial and consumer practices of the marketplace.
Page 1 of 2 HLS 15RS-3424 ORIGINAL
HCR NO. 184
1 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
2authorize and direct the Louisiana State Law Institute to study the legal issues surrounding
3the Louisiana Lease of Movables Act and any related laws, and to report and recommend to
4the Louisiana Legislature any need for the revision of current law.
5 BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
6director of the Louisiana State Law Institute.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HCR 184 Original 2015 Regular Session Edwards
Directs the Louisiana State Law Institute to study and make recommendations to the
Louisiana Legislature regarding the Louisiana Lease of Movables Act and related laws.
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