State Codes and Statutes
Statutes > Florida > TitleXXXIX > Chapter671 > PARTII > 671_213671.213 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.
History. s. 19, ch. 2007-134.
