An obligation may be issued as subordinated to payment of another obligation of the person obligated, or a creditor may subordinate his right to payment of an obligation by agreement with either the person obligated or another creditor of the person obligated. Such a subordination does not create a security interest as against either the common debtor or a subordinated creditor. This Code section shall be construed as declaring the law as it existed prior to the enactment of this Code section and not as modifying it.

Georgia Lawyers

Bendall & Mednick. Atlanta Accident Attorneys.
Brandon Hornsby. Atlanta Business Attorney.
Chambers, Aholt & Rickard. Atlanta Malpractice Lawyer.
Cook Youngelson & Wiggins. Atlanta First Amendment Lawyer.
Edmond & Jones. Atlanta Medical Malpractice Lawyer.
Ken Shigley. Atlanta Injury Lawyer.
Murray Law Firm. Atlanta Injury Attorney.
Richard Jones. Atlanta Inadequate Security Lawyer.
Robert N. Katz. Atlanta Auto Accident Attorney.
Sam Levine. Atlanta Personal Injury Lawyer.
Suthers Law Firm. Georgia Nursing Home Abuse Lawyer.

Last modified: May 2, 2006