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The Florida Statutes

The 2019 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 671
UNIFORM COMMERCIAL CODE: GENERAL PROVISIONS
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F.S. 671.213
671.213 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 obligation by 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 a subordinated creditor.
History.s. 19, ch. 2007-134.