{"code":"COM","codeName":"Commercial Code","section":"1310","citation":"Com. Code, § 1310","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL PROVISIONS [1101. - 1310.]","url":"https://blackletter.si/commercial-code/division-1"},{"name":"CHAPTER 3. Territorial Applicability and General Rules [1301. - 1310.]","url":"https://blackletter.si/commercial-code/division-1/chapter-3"}],"history":"Added by renumbering Section 1209 by Stats. 2006, Ch. 254, Sec. 28.   Effective January 1, 2007.","effective":"2007-01-01","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/commercial-code/territorial-applicability-and-general-rules-1310","source":"California Legislative Information bulk export (pubinfo)"}