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Priority can be given up by agreement

This section says that if you have a legal right to be paid first from certain property, you can agree to let someone else get paid first instead. It only covers voluntary agreements, not court orders or other rules.

The statute, as written — Priority subject to subordination

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.