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2007 Florida Statutes
SECTION 213
Subordinated obligations.
Subordinated obligations.
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.
History.--s. 19, ch. 2007-134.