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Subordinated obligations.

Utah Code § 70A-1a-310
in effect
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70A-1a-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. Enacted by Chapter 272, 2007 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title70A/Chapter1A/70A-1a-S310.html?v=C70A-1a-S310_1800010118000101Fetched: 10/26/2026

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