Definition of suretyship

La. Civ. Code art. 3035

La. Civ. Code art. 3035

Art. 3035. Definition of suretyship Suretyship is an accessory contract by which a person binds himself to a creditor to fulfill the obligation of another upon the failure of the latter to do so. Acts 1987, No. 409, §1, eff. Jan. 1, 1988.