Subordination.

Mich. Comp. Laws § 440.1310, under UNIFORM COMMERCIAL CODE.

Mich. Comp. Laws § 440.1310

Sec. 1310. 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.