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. Such a subordination does not create a security interest as against either the common debtor or a subordinated creditor.

Oklahoma Code Comment

None.

Laws 2005, HB 2028, c. 139, § 23, eff. January 1, 2006.