Florida Statutes
Fla. Stat. § 671.213 (2025)
Subordinated obligations.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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671.213 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.