Current through the 2024 Regular Session
Section 55-919 - GOVERNING LAW(1) In this section, the following rules shall determine a debtor's location: (a) A debtor who is an individual is located at the individual's principal residence;(b) A debtor that is an organization and has only one (1) place of business is located at its place of business; and(c) A debtor that is an organization and has more than one (1) place of business is located at its chief executive office.(2) A claim in the nature of a claim under this act 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.[55-919, added 2015, ch. 342, sec. 9, p. 1295.]Added by 2015 Session Laws, ch. 342,sec. 9, eff. 7/1/2015.