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Idaho · Through 2026 Legislative Session

Idaho Code § 28-1-310: Subordinated obligations.

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Where this section sits in the code
  1. TITLE 28 COMMERCIAL TRANSACTIONS
  2. CHAPTER 1 UNIFORM COMMERCIAL CODE — GENERAL PROVISIONS
  3. 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 2026-09-04T11:18:11Z. Source file · JSON

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