§ 5110. Governing law.
164 words·~1 min read·
/pa/title-12/chapter-51/5110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5110. Governing law.
(a)Location of debtor.-- 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 the organization's place of business.
(3)A debtor that is an organization and has more than one place of business is located at the organization's chief executive office.
(b)Governing law.-- A claim for relief in the nature of a claim for relief 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.
12c5110v
(Dec. 22, 2017, P.L.1249, No.78, eff. 60 days)
2017 Amendment. Act 78 renumbered former section 5110 to section 5112 and added present section 5110. See section 7 of Act 78 in the appendix to this title for special provisions relating to applicability.
12c5111s