GroundRules
Utah Code § 70A-1a-310: Subordinated obligations.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-1a Uniform Commercial Code - General Provisions
- Part 70A-1a-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 2026-09-03T11:34:34Z. Source file · JSON