GroundRules
30-1-209: Subordinated obligations.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 1. UNIFORM COMMERCIAL CODE GENERAL PROVISIONS
- Part 2. General Definitions and Principles of Interpretation
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 2026-09-14T04:50:48Z. Source file · JSON