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Commercial suretyship

La. Civ. Code art. 3042
in effect
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3042. Commercial suretyship A commercial suretyship is one in which: (1) The surety is engaged in a surety business; (2) The principal obligor or the surety is a business corporation, partnership, or other business entity; (3) The principal obligation arises out of a commercial transaction of the principal obligor; or (4) The suretyship arises out of a commercial transaction of the surety. Acts 1987, No. 409, §1, eff. Jan. 1, 1988.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=110084Fetched: 10/20/2026

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