California Statutes
§ 1310. — 1310. (Added by renumbering Section 1209 by Stats. 2006, Ch. 254, Sec. 28.)
California·Code COM Commercial Code - COM·Div. 1. DIVISION 1. GENERAL PROVISIONS·Ch. 3. CHAPTER 3. Territorial Applicability and General Rules
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.
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California § 1310. (1310. (Added by renumbering Section 1209 by Stats. 2006, Ch. 254, Sec. 28.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by renumbering Section 1209 by Stats. 2006, Ch. 254, Sec. 28. Effective January 1, 2007.