Subordinated obligations

4-1-310. 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. Source: L. 2006: Entire article R&RE, p. 469, � 1, effective September 1. Editor's note: This section is similar to former � 4-1-209 as it existed prior to 2006. ARTICLE 2 Sales Editor's note: The numbering and sequencing of C.R.S. subsections do not necessarily correspond with the numbering and sequencing of subsections in the uniform act. PART 1 SHORT TITLE, GENERAL CONSTRUCTION, AND SUBJECT MATTER