Kansas Statutes
§ 84-1-310 — 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.
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Legislative History
L. 2007, ch. 89, § 24; July 1, 2008.
Nearby Sections
15
§ 84-1-101
Short titles§ 84-1-102
Scope of article§ 84-1-104
Construction against implied repeal§ 84-1-105
Severability§ 84-1-106
Use of singular and plural; gender§ 84-1-107
Section captions§ 84-1-201
General definitions§ 84-1-202
Notice; knowledge§ 84-1-204
Value§ 84-1-205
Reasonable time; seasonableness§ 84-1-206
Presumptions