One Click Case Law for § 11-1-209
O.C.G.A. § 11-1-208 <-- --> O.C.G.A. §11-10-101

2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 1 - GENERAL PROVISIONS
PART 2 - GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION
§ 11-1-209 - Subordinated obligations

O.C.G.A. 11-1-209 (2010)
11-1-209. Subordinated obligations


An obligation may be issued as subordinated to payment of another obligation of the person obligated, or a creditor may subordinate his right to payment of an obligation by agreement with either the person obligated or another creditor of the person obligated. Such a subordination does not create a security interest as against either the common debtor or a subordinated creditor. This Code section shall be construed as declaring the law as it existed prior to the enactment of this Code section and not as modifying it.