§ 1-310. Subordination of obligations
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-310
§ 1-310. Subordination of obligations
Subordination of 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. Such a subordination does not create a security interest as against either the common debtor or a subordinated creditor.
Credits
Laws 2005, c. 139, § 23, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 1-310, OK ST T. 12A § 1-310
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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