1310 - Subordinated obligations. DIVISION 2. SALES

     § 1310.  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.