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the Revised Code of Washington
2012 Revised Code of Washington
Title 62A - UNIFORM COMMERCIAL CODE
1 General provisions.
62A.1-310 Subordinated obligations.
Universal Citation:
WA Rev Code § 62A.1-310 (2012)
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RCW 62A.1-310 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.
[2012 c 214 § 124.]
Notes:
| Application -- Savings -- 2012 c 214: See notes following RCW62A.1-101 .
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