This article does not preclude subordination by agreement by a person entitled to priority.
(Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.)
1. Source. Former Section 9-316.
2. Subordination by Agreement. The preceding sections deal elaborately with questions of priority. This section makes it entirely clear that a person entitled to priority may effectively agree to subordinate its claim. Only the person entitled to priority may make such an agreement: a person’s rights cannot be adversely affected by an agreement to which the person is not a party.
Structure District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Subtitle I - Uniform Commercial Code
Article 9 - Secured Transactions
Part III - Perfection and Priority
§ 28:9–319. Rights and title of consignee with respect to creditors and purchasers
§ 28:9–321. Licensee of general intangible and lessee of goods in ordinary course of business
§ 28:9–324. Priority of purchase-money security interests
§ 28:9–325. Priority of security interests in transferred collateral
§ 28:9–326. Priority of security interests created by new debtor
§ 28:9–327. Priority of security interests in deposit account
§ 28:9–328. Priority of security interests in investment property
§ 28:9–329. Priority of security interests in letter-of-credit right
§ 28:9–330. Priority of purchaser of chattel paper or instrument
§ 28:9–332. Transfer of money; transfer of funds from deposit account
§ 28:9–333. Priority of certain liens arising by operation of law
§ 28:9–334. Priority of security interests in fixtures and crops
§ 28:9–337. Priority of security interests in goods covered by certificate of title