Priority subject to subordination.
This article does not preclude subordination by agreement by a person entitled to priority.
Source:Laws 1999, LB 550, § 132.
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.