{"data":{"id":"us-la/rs-10-1-310","jurisdiction":"us-la","citation":"RS 10:1-310","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":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=409499","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:02Z","sha256":"8f8a70044b81544dca3c9f3b4f1539eef3230bb1d59f3341630a2eb255422336","source_id":"us-la","stale":false,"prev":"us-la/rs-10-1-309","next":"us-la/rs-10-12-101"},"notice":"GroundRules: Original legal text. Not legal advice."}