Subordinated obligations.
13 Pa.C.S. § 1310
in effectAn 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. DIVISION 2 SALES Chapter 21. Short Title, General Construction and Subject Matter 22. Form, Formation and Readjustment of Contract 23. General Obligation and Construction of Contract 24. Title, Creditors and Good Faith Purchasers 25. Performance 26. Breach, Repudiation and Excuse 27. Remedies Enactment. Division 2 was added November 1, 1979, P.L.255, No.86, effective January 1, 1980.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM&ttl=13Fetched: 10/16/2026