Section 1--310. Subordinated Obligations.\n An obligation may be issued as subordinated to performance of another\nobligation of the person obligated, or a creditor may subordinate its\nright to performance of an obligation by agreement with either the\nperson obligated or another creditor of the person obligated.\nSubordination does not create a security interest as against either the\ncommon debtor or a subordinated creditor.\n
Subordinated Obligations
N.Y. Uniform Commercial Code Law § 1-310, under Territorial Applicability and General Rules.
N.Y. Uniform Commercial Code Law § 1-310