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.
Section: Previous 4-1-302 4-1-303 4-1-304 4-1-305 4-1-306 4-1-307 4-1-308 4-1-309 4-1-310Last modified: November 15, 2016