There is a newer version of the Nevada Revised Statutes
2011 Nevada Revised Statutes
Chapter 104 - Uniform Commercial Code—Original Articles
NRS 104.1310 - Subordinated obligations.
NV Rev Stat § 104.1310 (2011) What's This?
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.
(Added to NRS by 2005, 833)
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