{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/8.1A-310.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/8.1A-310.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/8.1A-310.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/8.1A-310.html"}],"law_id":377903,"edition_id":2,"section_id":377903,"structure_id":53712,"section_number":"8.1A-310","catch_line":"Subordinated obligations","history":"2003, c. 353.","full_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.\n\n","order_by":null,"text":{"0":{"id":1409560,"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53712,"edition_id":2,"name":"Territorial Applicability and General Rules","identifier":"3","label":"part","depth":2,"order_by":2,"parent_id":53709,"metadata":{"child_laws":10,"child_structures":0},"date_created":"2026-08-02 03:20:54","date_modified":"2026-08-02 12:28:28","permalink":{"id":1508891,"object_type":"structure","relational_id":53712,"identifier":"3","token":"8.1A\/3","url":"\/8.1A\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53709,"edition_id":2,"name":"Uniform Commercial Code \u2014 General Provisions","identifier":"8.1A","label":"title","depth":1,"order_by":13,"parent_id":null,"metadata":{"child_laws":24,"child_structures":3},"date_created":"2026-08-02 03:20:53","date_modified":"2026-08-02 12:28:28","permalink":{"id":1508829,"object_type":"structure","relational_id":53709,"identifier":"8.1A","token":"8.1A","url":"\/8.1A\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":377894,"structure_id":53712,"section_number":"8.1A-301","catch_line":"Territorial applicability; parties' power to choose applicable law","url":"\/8.1A-301\/","token":"8.1A\/3\/8.1A-301","metadata":false},{"id":377895,"structure_id":53712,"section_number":"8.1A-302","catch_line":"Variation by agreement","url":"\/8.1A-302\/","token":"8.1A\/3\/8.1A-302","metadata":false},{"id":377896,"structure_id":53712,"section_number":"8.1A-303","catch_line":"Course of performance, course of dealing, and usage of trade","url":"\/8.1A-303\/","token":"8.1A\/3\/8.1A-303","metadata":false},{"id":377897,"structure_id":53712,"section_number":"8.1A-304","catch_line":"Obligation of good faith","url":"\/8.1A-304\/","token":"8.1A\/3\/8.1A-304","metadata":false},{"id":377898,"structure_id":53712,"section_number":"8.1A-305","catch_line":"Remedies to be liberally administered","url":"\/8.1A-305\/","token":"8.1A\/3\/8.1A-305","metadata":false},{"id":377899,"structure_id":53712,"section_number":"8.1A-306","catch_line":"Waiver or renunciation of claim or right after breach","url":"\/8.1A-306\/","token":"8.1A\/3\/8.1A-306","metadata":false},{"id":377900,"structure_id":53712,"section_number":"8.1A-307","catch_line":"Prima facie evidence by third-party documents","url":"\/8.1A-307\/","token":"8.1A\/3\/8.1A-307","metadata":false},{"id":377901,"structure_id":53712,"section_number":"8.1A-308","catch_line":"Performance or acceptance under reservation of rights","url":"\/8.1A-308\/","token":"8.1A\/3\/8.1A-308","metadata":false},{"id":377902,"structure_id":53712,"section_number":"8.1A-309","catch_line":"Option to accelerate at will","url":"\/8.1A-309\/","token":"8.1A\/3\/8.1A-309","metadata":false},{"id":377903,"structure_id":53712,"section_number":"8.1A-310","catch_line":"Subordinated obligations","url":"\/8.1A-310\/","token":"8.1A\/3\/8.1A-310","metadata":false}],"previous_section":{"id":377902,"structure_id":53712,"section_number":"8.1A-309","catch_line":"Option to accelerate at will","url":"\/8.1A-309\/","token":"8.1A\/3\/8.1A-309","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.1A-310\/","history_text":"

This law was first created in 2003. The record of its establishment is cataloged in chapter 353<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1508929,"object_type":"law","relational_id":377903,"identifier":"8.1A-310","token":"8.1A\/3\/8.1A-310","url":"\/8.1A-310\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/8.1A-310\/","token":"8.1A\/3\/8.1A-310","dublin_core":{"Title":"Subordinated obligations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.1A-310","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor<\/span> may subordinate its right to performance of an obligation by agreement with either the person obligated or another creditor<\/span> of the person obligated. Subordination<\/span> does not create a security interest as against either the common debtor or a subordinated creditor<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUBORDINATED OBLIGATIONS (\u00a7 8.1A-310)\n\nAn obligation may be issued as subordinated to performance of another obligation\nof the person obligated, or a creditor may subordinate its right to performance\nof an obligation by agreement with either the person obligated or another\ncreditor of the person obligated. Subordination does not create a security\ninterest as against either the common debtor or a subordinated creditor.\n\nHISTORY: 2003, c. 353.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}