Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

pecnv.out

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 1
UNIFORM COMMERCIAL CODE — GENERAL PROVISIONS
PART 3.
TERRITORIAL APPLICABILITY AND GENERAL RULES
28-1-310.  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.

History:
[28-1-310, added 2004, ch. 43, sec. 28, p. 152.]


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