§ 28:9-339. Priority subject to subordination.

Current through October 23, 2012

This article does not preclude subordination by agreement by a person entitled to priority.

                
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(Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.)

HISTORICAL AND STATUTORY NOTES

UNIFORM COMMERCIAL CODE COMMENT

Source

Former Section 9-316.

Subordination by Agreement

The preceding sections deal elaborately with questions of priority. This section makes it entirely clear that a person entitled to priority may effectively agree to subordinate its claim. Only the person entitled to priority may make such an agreement: a person's rights cannot be adversely affected by an agreement to which the person is not a party.

Legislative History of Laws

For Law 13-201, see notes following § 28:9-101.