Illinois Statutes
§ 1-310 — Subordinated obligations
Illinois § 1-310
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 810COMMERCIAL CODE
Act 810 ILCS 5/Uniform Commercial Code.
Art.Article 1 - General Provisions
This text of Illinois § 1-310 (Subordinated obligations) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
810 Ill. Comp. Stat. 1-310 (2026).
Text
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
(Source: P.A. 95-895, eff. 1-1-09.)
Nearby Sections
15
§ 1-101
Short Titles§ 1-102
Scope of Article§ 1-103
§ 1-103§ 1-104a
Legislative Intent§ 1-105
Severability§ 1-107
Section captions§ 1-108
§ 1-108§ 1-109
(Blank)§ 1-201
General definitions§ 1-202
Notice; knowledge§ 1-204
ValueCite This Page — Counsel Stack
Bluebook (online)
Illinois § 1-310, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/810/1-310.