Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/7-1-310.htm |
---|---|
Depth: | 0 singles |
Size: | 759 bytes |
Modified: | 2006-04-11 07:40:12 |
Categories: | -None- |
Title: | 7-1-310 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 7-1-310 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. (Act 2004-524, p. 1070, ยง1.) |