Priority subject to subordination. Nothing in this article prevents subordination by agreement by any person entitled to priority. (July 22, 1992, D.C. Law 9-128, § 2(b), 39 DCR 3830.) Prior Codifications 1981 Ed., § 28:2A-311. Uniform Commercial Code Comment Uniform Statutory Source:Section 9-316. Purposes: The several preceding sections deal with questions of priority. This section is inserted to make it entirely clear that a person entitled to priority may effectively agree to subordinate the claim. Only the person entitled to priority may make such an agreement: the rights of such a person cannot be adversely affected by an agreement to which that person is not a party. Cross References:Sections 1-102 and 2A-304 through 2A-310. Definitional Cross References: 'Agreement'. Section 1-201(3). 'Person'. Section 1-201(30).
District of Columbia Legal Code