Okla. Stat. tit. 12A § 1-310
Current through Laws 2024, c. 453.
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.
Okla. Stat. tit. 12A, § 1-310
Oklahoma Code Comment
None.