Ohio Revised Code
Chapter 1301 | General Provisions
Section 1301.310 | Subordinated Obligations - Ucc 1-310.

Effective: June 29, 2011
Latest Legislation: House Bill 9 - 129th General Assembly
Subordinated obligations [UCC 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.

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Structure Ohio Revised Code

Ohio Revised Code

Title 13 | Commercial Transactions

Chapter 1301 | General Provisions

Section 1301.101 | Short Titles - Ucc 1-101.

Section 1301.102 | Scope of Chapter 1301 - Ucc 1-102.

Section 1301.103 | Construction of Uniform Commercial Code to Promote Its Purposes and Policies; Applicability of Supplemental Principles of Law - Ucc 1-103.

Section 1301.104 | Construction Against Implied Repeal - Ucc 1-104.

Section 1301.105 | Severability - Ucc 1-105.

Section 1301.106 | Use of Singular and Plural; Gender - Ucc 1-106.