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CONNECTICUT STATUTES AND CODES

Sec. 42a-1-310. Subordinated obligations.

      Sec. 42a-1-310. 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.

      (P.A. 05-109, S. 22.)

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