Montana § 30-1-209 Subordinated Obligations

Montana Statutes

§ 30-1-209 — Subordinated Obligations

Montana·Title 30 TRADE AND COMMERCE·Ch. 1 UNIFORM COMMERCIAL CODE GENERAL PROVISIONS·Part 2 General Definitions and Principles of Interpretation

30-1-209 . 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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30-1-209 . 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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