Nothing in this article prevents subordination by agreement by any person entitled to priority.
(July 22, 1992, D.C. Law 9-128, § 2(b), 39 DCR 3830.)
1981 Ed., § 28:2A-311.
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 District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Subtitle I - Uniform Commercial Code
Part III - Effect of Lease Contract
§ 28:2A–301. Enforceability of lease contract
§ 28:2A–302. Title to and possession of goods
§ 28:2A–304. Subsequent lease of goods by lessor
§ 28:2A–305. Sale or sublease of goods by lessee
§ 28:2A–306. Priority of certain liens arising by operation of law
§ 28:2A–308. Special rights of creditors
§ 28:2A–309. Lessor’s and lessee’s rights when goods become fixtures
§ 28:2A–310. Lessor’s and lessee’s rights when goods become accessions