Subordinated obligations.

Del. Code tit. 6, § 1-310
in effect
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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: DE Code (Official Site)URL: https://delcode.delaware.gov/title6/c001/sc03/index.htmlFetched: 10/4/2026

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