ENROLLED
2015 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 184
BY REPRESENTATIVE EDWARDS
A CONCURRENT RESOL UTION
To authorize and direct the Louisiana State Law Institute to study and make
recommendations to the Louisiana Legislature regarding the Louisiana Lease of
Movables Act and related laws, including but not limited to changes in the law
governing such transactions and the need to update the law to reflect present-day
commercial and consumer practices.
WHEREAS, Part I of Chapter 2 of Code Title IX of Code Book III of Title 9 of the
Louisiana Revised Statutes contains the Louisiana Lease of Movables Act; and
WHEREAS, the general purpose that underlies the Louisiana Lease of Movables Act
is to encourage and foster the leasing and financing of movable property to individuals and
businesses in order to promote economic development and growth; and
WHEREAS, as commercial transactions have become more complex and the focus
on consumer protection has become more prominent, various states have taken steps to
update or improve their laws governing the leasing of equipment and similar movables; and
WHEREAS, the Louisiana Lease of Movables Act was enacted in 1985, and, except
for a number of narrow amendments, has not been reviewed broadly in nearly thirty years;
and
WHEREAS, the legislature should be fully informed as to the continued
effectiveness of the Louisiana Lease of Movables Act and whether updates, modifications,
and improvements should be made in order to better align the law in this area with the
commercial and consumer practices of the marketplace.
THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
authorize and direct the Louisiana State Law Institute to study the legal issues surrounding
the Louisiana Lease of Movables Act and any related laws, and to report and recommend to
the Louisiana Legislature any need for the revision of current law.
Page 1 of 2 HCR NO. 184 ENROLLED
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
director of the Louisiana State Law Institute.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
Page 2 of 2