§ 279. Governing law.
113 words·~1 min read·
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§ 279. 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
article 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.