West Virginia Code § 46-1-310

Subordinated obligations
Open in Lexace · Ask the AI about this section
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. e

‹ Prev All West Virginia sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.