RCW 62A.1-310
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.
[ 2012 c 214 § 124.]
NOTES:
Application—Savings—2012 c 214: See notes following RCW 62A.1-101.
Structure Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.1 - General Provisions.
62A.1-104 - Construction against implied repeal.
62A.1-106 - Use of singular and plural; gender.
62A.1-108 - Relation to electronic signatures in global and national commerce act.
62A.1-110 - Art dealers and artists—Contracts—Duties, etc.
62A.1-190 - Construction—Title applicable to state registered domestic partnerships—2009 c 521.
62A.1-201 - General definitions.
62A.1-202 - Notice; knowledge.
62A.1-203 - Lease distinguished from security interest.
62A.1-205 - Reasonable time; seasonableness.
62A.1-301 - Territorial applicability; parties' power to choose applicable law.
62A.1-302 - Variation by agreement.
62A.1-303 - Course of performance, course of dealing, and usage of trade.
62A.1-304 - Obligation of good faith.
62A.1-305 - Remedies to be liberally administered.
62A.1-306 - Waiver or renunciation of claim or right after breach.
62A.1-307 - Prima facie evidence by third-party documents.
62A.1-308 - Performance or acceptance under reservation of rights.