GroundRules
ORS 71.3100: Subordinated obligations.
Where this section sits in the code
- 02 - Business Organizations, Commercial Code
- 8. Commercial Transactions
- Chapter 71 — General Provisions for Uniform Commercial Code
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 2026-09-03T23:50:10Z. Source file · JSON