Haw. Rev. Stat. § 490:1-310

Current through Act 47 of the 2024 Legislative Session
Section 490:1-310 - 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.

HRS § 490:1-310

L 2004, c 162 , pt of §1 .