Sec. 302. (1) An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate the creditor's right to performance of an obligation by agreement with either the person obligated or another creditor of the person obligated. (2) Subordination does not create a security interest as against either the common debtor or a subordinated creditor. IC 26-1-1.5 Chapter 1.5. UCC Forms 26-1-1.5-1 Format for filing 26-1-1.5-2 Repealed
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