§ 28:9-339. Priority subject to subordination.

DC Code § 28:9-339 (2019) (N/A)
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This article does not preclude subordination by agreement by a person entitled to priority.

(Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.)

1. Source. Former Section 9-316.

2. Subordination by Agreement. The preceding sections deal elaborately with questions of priority. This section makes it entirely clear that a person entitled to priority may effectively agree to subordinate its claim. Only the person entitled to priority may make such an agreement: a person’s rights cannot be adversely affected by an agreement to which the person is not a party.