Idaho Statutes
§ 28-1-310 — SUBORDINATED OBLIGATIONS
Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 3. TERRITORIAL APPLICABILITY AND GENERAL RULES·Ch. 1 UNIFORM COMMERCIAL CODE — GENERAL PROVISIONS
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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Legislative History
[28-1-310, added 2004, ch. 43, sec. 28, p. 152.]
Nearby Sections
15
§ 28-1-101
SHORT TITLES§ 28-1-102
SCOPE OF CHAPTER§ 28-1-104
CONSTRUCTION AGAINST IMPLIED REPEAL§ 28-1-105
SEVERABILITY§ 28-1-106
USE OF SINGULAR AND PLURAL — GENDER§ 28-1-107
SECTION CAPTIONS§ 28-1-201
GENERAL DEFINITIONS§ 28-1-202
NOTICE — KNOWLEDGE§ 28-1-204
VALUE§ 28-1-205
REASONABLE TIME — SEASONABLENESS§ 28-1-206
PRESUMPTIONS