Louisiana Civil Code 3036 – Obligations for which suretyship may be established
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Civil Code 3036
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Suretyship may be established for any lawful obligation, which, with respect to the suretyship, is the principal obligation.
The principal obligation may be subject to a term or condition, may be presently existing, or may arise in the future.
Amended by Acts 1979, No. 711, §1; Acts 1987, No. 409, §1, eff. Jan. 1, 1988.