ORS § 71.3100
Current through 2024 Regular Session legislation effective June 6, 2024
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.
ORS 71.3100
See note under 71.3010.