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Subordinated obligations

KRS 355.1-310
in effect
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355.1-310. 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. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 242, sec. 24, effective July 12, 2006.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33243Fetched: 10/20/2026

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