554.1310 Subordinated obligations. 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 obligationby agreement with either the person obligated or another creditor of the person obligated.Subordination does not create a security interest as against either the common debtor or asubordinated creditor. [C75, 77, 79, 81, §554.1209]2007 Acts, ch 41, §21, 56CS2007, §554.1310 Sat Dec 23 01:49:20 2023 Iowa Code 2024, Section 554.1310 (24, 0)
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