Sec. 42a-1-310. Subordinated obligations.
Sec. 42a-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.
(P.A. 05-109, S. 22.)