https://www.uniformlaws.org/committees/community-home?CommunityKey=f93a92b2-020f-4bfa-880b-5f80d24d018d#LegBillTrackingAnchor https://www.uniformlaws.org/commit

https://www.uniformlaws.org/committees/community-home?CommunityKey=f93a92b2-020f-4bfa-880b-5f80d24d018d#LegBillTrackingAnchor https://www.uniformlaws.org/committees/community-home?Commun... According to this, this is total FUD. In case of a liquidation, security entitlement holder has priority over secured creditors, who have priority over unsecured creditors.