There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 1 General Provisions
355.1.310 Subordinated obligations.
Download pdfperson 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. Effective: July 12, 2006
History: Created 2006 Ky. Acts ch. 242, sec. 24, effective July 12, 2006.
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