Codeuvta10conflicts

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April 21, 2022, at 02:27 AM by 50.159.12.10 -
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SECTION 10. GOVERNING LAW.

(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 for relief in the nature of a claim for relief 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.