Louisiana Statutes
§ 10:1-310 — Subordinated obligations
Louisiana·Title 10 Commercial Laws
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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Louisiana § 10:1-310 (Subordinated obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2006, No. 533, §1.
Nearby Sections
15
§ 10:1-101
§ 10:1-101§ 10:1-102
Scope of Chapter§ 10:1-104
Construction against implied repeal§ 10:1-105
[Reserved.]§ 10:1-106
[Reserved.]§ 10:1-107
[Reserved.]§ 10:1-201
General definitions§ 10:1-202
Notice; knowledge§ 10:1-204
Value§ 10:1-205
Reasonable time; seasonableness§ 10:1-206
Presumptions