Wash. Rev. Code § 62A.1-310
Current through the 2024 Regular Session
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.
RCW 62A.1-310
Application-Savings- 2012 c 214 : See notes following RCW 62A.1-101.