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. History. Code 1981, § 11-1-310, enacted by Ga. L. 2015, p. 996, § 3A-1/SB 65. ARTICLE 2 SALES Part 1 Part 3 Short Title, General Construction, and Subject Matter General Obligation and Construction of Contract Sec. 11-2-101. 11-2-102. 11-2-103. 11-2-104. 11-2-105.
Subordinated obligations
O.C.G.A. § 11-1-310, under TERRITORIAL APPLICABILITY AND GENERAL RULES.
O.C.G.A. § 11-1-310