GroundRules
Minn. Stat. § 336.1-310: SUBORDINATED OBLIGATIONS.
Where this section sits in the code
- TRADE REGULATIONS, CONSUMER PROTECTION
- CHAPTER 336. UNIFORM COMMERCIAL CODE
- Article 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 2026-09-02T22:10:43Z. Source file · JSON