Fla. Stat. 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.

Source: Section 671.213 — Subordinated obligations, https://www.­flsenate.­gov/Laws/Statutes/2024/0671.­213 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 671.213. Subordinated obligations's source at flsenate​.gov