{"data":{"id":"us-me/11-m.r.s.-1-1310","jurisdiction":"us-me","citation":"11 M.R.S. §1-1310","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 11: UNIFORM COMMERCIAL CODE","PART 3: TERRITORIAL APPLICABILITY AND GENERAL RULES"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec1-1310.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"b188ef15b1c783513c8497a6a072f3ef4ecbe3e3783962b5e8ec7685b4422de4","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-1-1309","next":"us-me/11-m.r.s.-2-101"},"notice":"GroundRules: Original legal text. Not legal advice."}