§490:1-310  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. [L 2004, c 162, pt of §1]