Subordinated obligations.

F.S. 671.213
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: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter671/AllFetched: 7/8/2026
F.S. 671.213 — Subordinated obligations | Florida Statutes | Corpus