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2019 Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.1 - General Provisions.
62A.1-310 Subordinated obligations.
Universal Citation: WA Rev Code § 62A.1-310 (2019)
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 RCW 62A.1-101.
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