GroundRules
D.C. Code § 28:1-310: Subordinated obligations.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 1. General Provisions.
- Part III. 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 2026-08-29T05:44:07Z. Source file · JSON