Idaho Code § 28-1-310: Subordinated obligations.
Where this section sits in the code
- TITLE 28 COMMERCIAL TRANSACTIONS
- CHAPTER 1 UNIFORM COMMERCIAL CODE — 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 2026-09-04T11:18:11Z. Source file · JSON