---
urn: "urn:us-la:civcode:art:3042"
article_number: "3042"
status: active
heading: "Commercial suretyship"
breadcrumb: "Book III › Title XVI › Chapter 2"
source_url: "https://legis.la.gov/legis/Law.aspx?d=110084"
acts_citations_raw: "Acts 1987, No. 409, §1, eff. Jan. 1, 1988."
acts_citations:
  - act_year: 1987
    act_number: 409
    section: 1
    effective_date: 1988-01-01
    role: enactment
schema_version: "1.0.0"
---

# Art. 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.