N.Y. Uniform Commercial Code Law Section 1-310
Subordinated Obligations

Section 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.

Source: Section 1-310 — Subordinated Obligations, https://www.nysenate.gov/legislation/laws/UCC/1-310 (updated Dec. 26, 2014; accessed Apr. 2, 2025).

1–301
Territorial Applicability 1–302
Variation by Agreement 1–303
Course of Performance, Course of Dealing, and Usage of Trade 1–304
Obligation of Good Faith 1–305
Remedies to be Liberally Administered 1–306
Waiver or Renunciation of Claim or Right After Breach 1–307
Prima Facie evidence by Third-party Documents 1–308
Performance or Acceptance Under Reservation of Rights 1–309
Option to Accelerate at Will 1–310
Subordinated Obligations

Up to date

Accessed:
Apr. 2, 2025

Last modified:
Dec. 26, 2014

§ 1-310’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._uniform_commercial_code_law_section_1-310

Original Source: Section 1-310 — Subordinated Obligations, https://www.nysenate.gov/legislation/laws/UCC/1-310 (last accessed Aug. 20, 2023).

N.Y. Uniform Commercial Code Law Section 1-310 Subordinated Obligations

N.Y. Uniform Commercial Code Law Section 1-310
Subordinated Obligations