§ 1310. Subordinated obligations. 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 Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 13 - Territorial Applicability and General Rules
Section 1301 - Territorial applicability; parties' power to choose applicable law.
Section 1302 - Variation by agreement
Section 1303 - Course of performance, course of dealing and usage of trade
Section 1304 - Obligation of good faith
Section 1305 - Remedies to be liberally administered
Section 1306 - Waiver or renunciation of claim or right after breach
Section 1307 - Prima facie evidence by third-party documents
Section 1308 - Performance or acceptance under reservation of rights