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. Such a subordination does not create a security interest as against either the common debtor or a subordinated creditor.Added by 2015 Ga. Laws 167,§ 3A-1, eff. 1/1/2016.
Georgia Legal Code