Section 1–310. 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 Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code
Article 1 - General Provisions
Section 1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law
Section 1-302 - Variation by Agreement
Section 1-304 - Obligation of Good Faith
Section 1-305 - Remedies to Be Liberally Administered
Section 1-308 - Performance or Acceptance Under Reservation of Rights
Section 1-307 - Prima Facie Evidence by Third–party Documents
Section 1-309 - Option to Accelerate at Will
Section 1-310 - Subordinated Obligations
Section 1-306 - Waiver or Renunciation of Claim or Right After Breach
Section 1-303 - Course of Performance, Course of Dealing, and Usage of Trade
Section 1-205 - Reasonable Time; Seasonableness
Section 1-107 - Section Captions and Subsection Headings
Section 1-108 - Relation to Electronic Signatures in Global and National Commerce Act
Section 1-102 - Scope of Article
Section 1-201 - General Definitions