Section 336.1-310 — Subordinated Obligations.

MN Stat § 336.1-310 (2019) (N/A)
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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: 2004 c 162 art 1 s 25