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2017 Wisconsin Statutes & Annotations
Chapter 401. Uniform commercial code — general provisions.
401.310 Subordinated obligations.
Universal Citation: WI Stat § 401.310 (2017)
401.310 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.
History: 2009 a. 320.
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