401.310 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.
History: 2009 a. 320.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 401 - Uniform commercial code — general provisions.
401.104 - Construction against implied repeal.
401.106 - Use of singular and plural; gender.
401.201 - General definitions.
401.203 - Lease distinguished from security interest.
401.205 - Reasonable time; seasonableness.
401.301 - Territorial applicability; parties' power to choose applicable law.
401.302 - Variation by agreement.
401.303 - Course of performance, course of dealing, and usage of trade.
401.304 - Obligation of good faith.
401.305 - Remedies to be liberally administered.
401.306 - Waiver or renunciation of claim or right after breach.
401.307 - Prima facie evidence by 3rd-party documents.
401.308 - Performance or acceptance under reservation of rights.