Subordinated obligations.

NRS 104.1310 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. (Added to NRS by 2005, 833) ARTICLE 2 SALES Part 1 Short Title, General Construction and Subject Matter