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(a) A subordination agreement is enforceable in a case under §§ 113-113nn of this title to the same extent that such agreement is enforceable under other applicable law.(b) For the purpose of distribution under §§ 113-113nn of this title, a claim arising from rescission of a purchase or sale of a security or note of the petitioner or of an affiliate of the petitioner, for damages arising from the purchase or sale of such a security or note, or for reimbursement or contribution allowed on account of such a claim, shall be subordinated to all claims senior to or equal to the claim represented by such security or note. History —June 28, 2014, No. 71, § 330.