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2019 Ohio Revised Code
Title [13] XIII COMMERCIAL TRANSACTIONS - OHIO UNIFORM COMMERCIAL CODE
Chapter 1301 - GENERAL PROVISIONS
Section 1301.310 - Subordinated obligations - UCC 1-310.
Universal Citation: Ohio Rev Code § 1301.310 (2019)
Part 3. Territorial Applicability and General Rules
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 by 129th General AssemblyFile No.9, HB 9, §1, eff. 6/29/2011.
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