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 West Virginia Code
Chapter 46. Uniform Commercial Code
§46-1-104. Construction Against Implied Repeal
§46-1-106. Use of Singular and Plural; Gender
§46-1-108. Relation to Electronic Signatures in Global and National Commerce Act
§46-1-201. General Definitions
§46-1-203. Lease Distinguished From Security Interest
§46-1-205. Reasonable Time; Seasonableness
§46-1-301. Territorial Applicability; Parties' Power to Choose Applicable Law
§46-1-302. Variation by Agreement
§46-1-303. Course of Performance, Course of Dealing, and Usage of Trade
§46-1-304. Obligation of Good Faith
§46-1-305. Remedies to Be Liberally Administered
§46-1-306. Waiver or Renunciation of Claim or Right After Breach
§46-1-307. Prima Facie Evidence by Third-Party Documents
§46-1-308. Performance or Acceptance Under Reservation of Rights