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2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 13 - Territorial Applicability and General Rules
Section 1310 - Subordinated obligations

     § 1310.  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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