Indiana Statutes
§ 26-1-1-302 — Subordination
Indiana § 26-1-1-302
This text of Indiana § 26-1-1-302 (Subordination) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-1-302 (2026).
Text
(1)An obligation may be issued as
subordinated to performance of another obligation of the person
obligated, or a creditor may subordinate the creditor's right to
performance of an obligation by agreement with either the person
obligated or another creditor of the person obligated.
(2)Subordination does not create a security interest as against either
the common debtor or a subordinated creditor.
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Legislative History
As added by P.L.143-2007, SEC.6.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-1-302, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-1-302.