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     336.1-310 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. 


    HIST: 2004 c 162 art 1 s 25

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Revisor of Statutes