Utah § 6-2-115 - Claim subordination.

Full text of Utah Utah Code § 6-2-115 — Claim subordination., with citation guidance and answers to common questions.

§ 6-2-115. Claim subordination.

Effective 5/6/2026
6-2-115.  Claim subordination.
(1)A subordination agreement is enforceable under this chapter to the same extent the agreement is enforceable under other law.
(2)Subject to Subsection (3), the following claims are subordinate to a claim or interest that is senior or equal in priority to a claim or interest represented by a security or other equity interest in the assignor or an affiliate of the assignor:
(a)a claim arising from rescission of a purchase or sale of the security or other equity interest;
(b)a claim for damages arising from the purchase or sale of the security or other equity interest; and
(c)a claim for reimbursement or contribution allowed on account of the rescission or damage claim.
(3)If the security is common stock or another common equity interest, a claim subject to subordination under Subsection (2) has the same priority as common stock or another common equity interest.


Enacted by Chapter 314, 2026 General Session

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Frequently Asked Questions About Utah § 6-2-115

What does Utah Code § 6-2-115 cover?

Section 6-2-115 ("Claim subordination.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 6-2-115?

A common citation format is "Utah Code § 6-2-115" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 6-2-115 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.