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.
(P.A. 05-109, S. 22.)
Structure Connecticut General Statutes
Title 42a - Uniform Commercial Code
Article 1 - General Provisions
Section 42a-1-101. - Short titles.
Section 42a-1-102. - Scope of article.
Section 42a-1-104. - Construction against implied repeal.
Section 42a-1-105. - Severability.
Section 42a-1-106. - Use of singular and plural; gender.
Section 42a-1-107. - Waiver or renunciation of claim or right after breach.
Section 42a-1-108. - Relation to Electronic Signatures in Global and National Commerce Act.
Section 42a-1-201. - General definitions.
Section 42a-1-202. - Notice; knowledge.
Section 42a-1-203. - Lease distinguished from security interest.
Section 42a-1-205. - Reasonable time; seasonableness.
Section 42a-1-206. - Presumptions.
Section 42a-1-301. - Territorial applicability; parties' power to choose applicable law.
Section 42a-1-302. - Variation by agreement.
Section 42a-1-303. - Course of performance, course of dealing and usage of trade.
Section 42a-1-304. - Obligation of good faith.
Section 42a-1-305. - Remedies to be liberally administered.
Section 42a-1-306. - Waiver or renunciation of claim or right after breach.
Section 42a-1-307. - Prima facie evidence by third-party documents.
Section 42a-1-308. - Performance or acceptance under reservation of rights.