GroundRules
N.C. Gen. Stat. § 25-1-310: Subordinated obligations.
Where this section sits in the code
- Chapter 25. 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. (1967, c. 562, s. 1; 2006-112, s. 1.)
Collected 2026-08-27T17:58:47Z. Source file · JSON