Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 1-310 — Subordinated Obligations
N.Y. U.C.C. Law § 1-310
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
Section 1--310. Subordinated Obligations.
Citator
N.Y. U.C.C. Law § 1-310 — Subordinated Obligations is in force in the current edition of the Code, and nothing recorded condemns it.
Section 1--310. 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.