Florida Statutes § 671.213 — Subordinated obligations.
Search Florida StatutesFrom the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.
Part II — GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION
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
History.—s. 19, ch. 2007-134.
Source captured on 2026-10-10. Read the official chapter.