{"data":{"id":"us-nm/55-9-339","jurisdiction":"us-nm","citation":"55-9-339","heading":"Priority subject to subordination.","body":"Chapter 55, Article 9 NMSA 1978 does not preclude subordination by agreement by a person entitled to priority.\nOFFICIAL COMMENTS\nUCC Official Comments © by ALI \u0026 the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.\n1. Source. Former section 9-316.\n2. Subordination by Agreement. The preceding sections deal elaborately with questions of priority. This section makes it entirely clear that a person entitled to priority may effectively agree to subordinate its claim. Only the person entitled to priority may make such an agreement: A person's rights cannot be adversely affected by an agreement to which the person is not a party.","path":["Chapter 55 - Uniform Commercial Code","ARTICLE 9 Secured Transactions"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18558/index.do","current_through":"2024-04-27","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"72b445e21166c8cacbbb2d24864333deb468c73d6a3f6c94a9748ad6e9d8a662","source_id":"us-nm","stale":false,"prev":"us-nm/55-9-338","next":"us-nm/55-9-340"},"notice":"GroundRules: Original legal text. Not legal advice."}