GroundRules
AS 45.01.310: Subordinated obligations.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 01. General Provisions.
- Article 3. Territorial Applicability and General Rules.
An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate its right to performance of an obligation by agreement with either the person obligated or another creditor of the person obligated. Subordination does not create a security interest as against either the common debtor or a subordinated creditor.
Collected 2026-09-02T06:19:44Z. Source file · JSON