GroundRules
Wis. Stat. § 401.310: Subordinated obligations.
Where this section sits in the code
- Chs. 401-411, Uniform Commercial Code
- Chapter 401 Uniform Commercial Code — General Provisions
- SUBCHAPTER III 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 2026-09-05T12:01:21Z. Source file · JSON