Vt. Stat. tit. 9A § 1-310

Current through L. 2024, c. 142.
Section 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.

9A V.S.A. § 1-310

Added 2007, No. 99 (Adj. Sess.), § 2.