{"data":{"id":"us-nd/n.d.-cent.-code-41-01-24","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-01-24","heading":"(1-310) Subordinated obligations","body":"An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate the creditor's 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 41 Uniform Commercial Code","Chapter 41-01 General Provisions"],"source_url":"https://ndlegis.gov/cencode/t41c01.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"fe8ec86e0507b9ce12c9e76e7f9f76b3d4d31aaa74f6a73ce9b59e3fe37cd4a3","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-01-23","next":"us-nd/n.d.-cent.-code-41-02-01"},"notice":"GroundRules: Original legal text. Not legal advice."}