# Commercial Law (GCL)

## Title 1. General Provisions

### Subtitle 3. Territorial Applicability and Applicable Law

#### Section 1-310

(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.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)