GroundRules
COM § 1310
Where this section sits in the code
- Commercial Code - COM
- DIVISION 1. GENERAL PROVISIONS [1101. - 1310.]
- CHAPTER 3. Territorial Applicability and General Rules [1301. - 1310.]
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 2026-09-14T05:56:33Z. Source file · JSON