Mo. Rev. Stat. § 400.1-310

Current with changes from the 2024 Legislative Session
Section 400.1-310 - 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.

§ 400.1-310, RSMo

Added by 2017 Mo. Laws, HB 34,s A, eff. 8/28/2017.