Usufruct
Article 3042

Commercial suretyship ACTIVE

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.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1987, No. 409, §1, eff. Jan. 1, 1988

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Cite Article 3042

Bluebook
La. Civ. Code art. 3042 (2026).
Permalink
https://theusufruct.com/cc/3042
BibTeX
@misc{lacivcode-art-3042,
  title        = {La. Civ. Code art. 3042},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/3042},
  note         = {Snapshot 2026-05-22}
}