3439.10
Effective Jan 1, 2016Added by Stats. 2015, Ch. 44, Sec. 13. (SB 161) Effective January 1, 2016.
(a) In this section, the following rules determine a debtor’s location:
- (1) A debtor who is an individual is located at the individual’s principal residence.
- (2) A debtor that is an organization and has only one place of business is located at its place of business.
- (3) A debtor that is an organization and has more than one place of business is located at its chief executive office.
- (b) A claim in the nature of a claim under this chapter is governed by the local law of the jurisdiction in which the debtor is located when the transfer is made or the obligation is incurred.