{"data":{"id":"us-il/810-ilcs-5-1-310","jurisdiction":"us-il","citation":"810 ILCS 5/1-310","heading":"Subordinated obligations.","body":"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.","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"8f8a70044b81544dca3c9f3b4f1539eef3230bb1d59f3341630a2eb255422336","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-1-309","next":"us-il/810-ilcs-5-2-101"},"notice":"GroundRules: Original legal text. Not legal advice."}