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.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 1 - Uniform Commercial Code — General Provisions
Part 3 - Territorial Applicability and General Rules
§ 47-1-304. Obligation of Good Faith
§ 47-1-306. Waiver or Renunciation of Claim or Right After Breach
§ 47-1-307. Prima Facie Evidence by Third-Party Documents