<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="1-310" title_number="1" title_name="General Provisions" subtitle_number="3" subtitle_name="Territorial Applicability and Applicable Law">
  <level label="a">
    <text>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.</text>
  </level>
  <level label="b">
    <text>Subordination does not create a security interest as against either the common debtor or a subordinated creditor.</text>
  </level>
</section>
