{"data":{"id":"us-gu/13-gca-1209","jurisdiction":"us-gu","citation":"13 GCA § 1209","heading":"Subordinated Obligations.","body":"An obligation may be issued as subordinated to payment of another obligation of the person obligated, or a creditor may subordinate his right to payment of an obligation by agreement with either the person obligated or another creditor of the person obligated. Such a subordination does not create a security interest as against either the common debtor or a subordi-nated creditor. This section shall be construed as declaring the law as it existed prior to the enactment of this section and not as modifying it.","path":["Title 13: Uniform Commercial Code","Division 1: Introduction \u0026 General Provisions","CHAPTER 2: GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv001.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:27:38Z","sha256":"c278cbed1e312c19ed957a6f8e8225d59435516bdcd82d4c32549c6611bb260c","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-1208","next":"us-gu/13-gca-1210"},"notice":"GroundRules: Original legal text. Not legal advice."}