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. Acts 1987, No. 409, §1, eff. Jan. 1, 1988.
Commercial suretyship
La. Civ. Code art. 3042
La. Civ. Code art. 3042