671.213 Subordinated obligations.—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.
History.—s. 19, ch. 2007-134.
Section: Previous 671.201 671.202 671.203 671.204 671.205 671.207 671.208 671.209 671.21 671.211 671.212 671.213Last modified: September 23, 2016