§ 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. (Added 2007, No. 99 (Adj. Sess.), § 2.)
Structure Vermont Statutes
Title 9A - Uniform Commercial Code
Article 1 - General Provisions
§ 1—104. Construction against implied repeal
§ 1—106. Use of singular and plural; gender
§ 1—108. Relation to electronic signatures in Global and National Commerce Act
§ 1—203. Lease distinguished from security interest
§ 1—205. Reasonable time; seasonableness
§ 1—301. Territorial applicability; parties’ power to choose applicable law
§ 1—302. Variation by agreement
§ 1—303. Course of performance, course of dealing, and usage of trade
§ 1—304. Obligation of good faith
§ 1—305. Remedies to be liberally administered
§ 1—306. Waiver or renunciation of claim or right after breach
§ 1—307. Prima facie evidence by third-party documents
§ 1—308. Performance or acceptance under reservation of rights