{"data":{"id":"us-tx/tex.-business-commerce-code-1.310","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 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.\nAdded by Acts 2003, 78th Leg., ch. 542, Sec. 1, eff. Sept. 1, 2003.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 1. GENERAL PROVISIONS","SUBCHAPTER C. TERRITORIAL APPLICABILITY AND GENERAL RULES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.1.htm#1.310","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"2c412a12550a0b7465c59e8914eeb107ad729613120718c211ccf73d11f743b1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-1.309","next":"us-tx/tex.-business-commerce-code-2.101"},"notice":"GroundRules: Original legal text. Not legal advice."}