NRS 104.1310
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.
Part 1
Short Title, General Construction and Subject Matter

Source: Section 104.1310 — Subordinated obligations., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec1310.

Last Updated

Feb. 5, 2021

§ 104.1310’s source at nv​.us