§ 1–310
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 1-310 (2026)
Title 1. General Provisions
Subtitle 3. Territorial Applicability and Applicable Law
§ 1–310LinkCopy Citation
(a)
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.
(b)
Subordination does not create a security interest as against either the common debtor or a subordinated creditor.