GroundRules
Va. Code § 8.1A-310: Subordinated obligations
Where this section sits in the code
- Title 8.1A. UNIFORM COMMERCIAL CODE — 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.2003, c. 353.
Collected 2026-09-04T15:12:44Z. Source file · JSON