§12A-1-209.

§12A-1-209.
   
   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 section shall be
   construed as declaring the law as it existed prior to the enactment of
   this section and not as modifying it.