TITLE XVI.  SURETYSHIP

CHAPTER 1.  NATURE AND EXTENT OF SURETYSHIP

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.