Retention of possession by seller, presumption of simulation

La. Civ. Code art. 2480

La. Civ. Code art. 2480

Art. 2480. Retention of possession by seller, presumption of simulation When the thing sold remains in the corporeal possession of the seller the sale is presumed to be a simulation, and, where the interest of heirs and creditors of the seller is concerned, the parties must show that their contract is not a simulation. Acts 1993, No. 841, §1, eff. Jan. 1, 1995.