GroundRules
Ark. Code Ann. § 4-1-310: Subordinated obligations.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 1. Uniform Commercial Code
- Chapter 1 General Provisions
- Part 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 2026-09-17T21:07:03Z. Source file · JSON