ORS 71.3100
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. [2009 c.181 §23]
Note: See note under 71.3010 (Territorial applicability).

Source: Section 71.3100 — Subordinated obligations, https://www.­oregonlegislature.­gov/bills_laws/ors/ors071.­html.

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