Nothing in this article prevents subordination by agreement by any person entitled to priority.
Source: L. 91: Entire article added, p. 297, § 1, effective July 1, 1992.
Uniform Statutory Source: Section 9-316.
Purposes: The several preceding sections deal with questions of priority. This section is inserted to make it entirely clear that a person entitled to priority may effectively agree to subordinate the claim. Only the person entitled to priority may make such an agreement: the rights of such a person cannot be adversely affected by an agreement to which that person is not a party.
Cross References:
Sections 1-102 and 2A-304 through 2A-310.
Definitional Cross References:
"Agreement". Section 1-201(3).
"Person". Section 1-201(30).
Structure Colorado Code
Title 4 - Uniform Commercial Code
Part 3 - Effect of Lease Contract
§ 4-2.5-301. Enforceability of Lease Contract
§ 4-2.5-302. Title to and Possession of Goods
§ 4-2.5-304. Subsequent Lease of Goods by Lessor
§ 4-2.5-305. Sale or Sublease of Goods by Lessee
§ 4-2.5-306. Priority of Certain Liens Arising by Operation of Law
§ 4-2.5-308. Special Rights of Creditors
§ 4-2.5-309. Lessor's and Lessee's Rights When Goods Become Fixtures
§ 4-2.5-310. Lessor's and Lessee's Rights When Goods Become Accessions