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2024 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-1310 - Subordinated obligation

Universal Citation:
AZ Rev Stat § 47-1310 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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47-1310. Subordinated obligation

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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